This conversation is set to get you itching to go on your next holiday. Make a guess as to who our guest is for today.
Drumrolls – we’re talking to the low-cost subsidiary of Singapore Airlines, Scoot, or the airline that merged with Tigerair Singapore about seven years ago.
Since taking to the skies in 2012, Scoot has carried over 82 million passengers and has a fleet of over 50 aircrafts, comprising widebody Boeing 787 Dreamliners and single-aisle Airbus A320s.
And it appears that 2024 will be an exciting year for the carrier amid the ongoing travel recovery.
The International Air Transport Association, or IATA, for one thing, expects the number of passengers travelling by air to surpass 2019 levels and reach a whopping 4.7 billion this year.
That said, with air travel capacity tipped to increase this year, what will the robust demand mean for air ticket prices?
Speaking of capacity, Scoot is adding nine new Embraer E190-E2 aircrafts from this year to 2025 to support its network growth strategy. But why did the firm opt to source its planes from another airline, and what will this mean in terms of profitability?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Calvin Chan, Chief Commercial Officer, Scoot.