Scoot revenue boosted by pax traffic growth in 2Q2016

Scoot reported (28-Jul-2016) revenue was boosted by 54.7% year-on-year growth in passenger carriage in 1QFY2017, outstripping capacity growth of 53% and notwithstanding a 3.8% decline in yield. Expenditure increased due to growth in operations. Unit costs decreased 18.9% due to lower fuel prices and the deployment of more fuel efficient Boeing 787s. [more - original PR]