Scoot CE: 787 allows profitability going forward
Scoot CE Campbell Wilson said the airline’s transition to an all-Boeing 787 fleet is enabling the carrier to finally achieve profitability, and predicted the carrier’s financial performance will steadily improve. Scoot’s aircraft liveries and staff uniforms feature a bright yellow, but the carrier’s balance sheet has been in the red for most of its 4 years of existence, putting a drag on parent SIA’s earnings. But with the 6 aging 777s that comprised its initial fleet all retired last year, Scoot believes its fleet of 10 787s, evenly split between -8 and -9 models, opens a new chapter. Scoot achieved an operating profit of S$18m (US$12.7m) during the quarter ended Dec 31, 2015, its best-ever result. In the financial year starting April 1, Scoot plans to grow capacity 49%. By 2019, its fleet will double to 20 787s. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-18/unaligned/scoot-ce-787-allows-profitability-going-forward
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Scoot CE: 787 allows profitability going forward
Scoot CE Campbell Wilson said the airline’s transition to an all-Boeing 787 fleet is enabling the carrier to finally achieve profitability, and predicted the carrier’s financial performance will steadily improve. Scoot’s aircraft liveries and staff uniforms feature a bright yellow, but the carrier’s balance sheet has been in the red for most of its 4 years of existence, putting a drag on parent SIA’s earnings. But with the 6 aging 777s that comprised its initial fleet all retired last year, Scoot believes its fleet of 10 787s, evenly split between -8 and -9 models, opens a new chapter. Scoot achieved an operating profit of S$18m (US$12.7m) during the quarter ended Dec 31, 2015, its best-ever result. In the financial year starting April 1, Scoot plans to grow capacity 49%. By 2019, its fleet will double to 20 787s. <br/>
