SIA, Scoot carried record number of passengers in Q3, but faced greater competition

Quick Summary:

This demand for air travel helped boost the group’s total revenue for the period to a record $5.2 billion.

But greater competition put pressure on the group’s yields – the amount earned per passenger for each kilometre flown, which dipped by 4.5 per cent to 10.7 cents, SIA said.

Hence, although a record number of passengers were flown in the quarter, this increase did not keep pace with the expansion in the group’s capacity.

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Article Details

Author / Journalist: Sue-Ann Tan

Category: EconomyBusiness

Markets: SingaporeIndiaMalaysiaVietnam

Topics: Record Million Scoot 2024 Passengers Third Cent Passenger Year Quarter Increase

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 19:22:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 26292401

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