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Singapore LCC sector: Scoot emerges as clear market leader

Analysis

Scoot is pursuing rapid expansion over the next year, enabling the Singapore Airlines subsidiary to widen the gap further with other LCCs competing in its home market. Scoot is expanding its fleet by eight aircraft in the fiscal year starting Apr-2018 while the fleet at the only other Singapore-based LCC, Jetstar Asia, will be flat for the fifth consecutive year.

Scoot, which merged with Tigerair in 2017, now has a 41% share of LCC seat capacity in Singapore and a 13% share of total seat capacity. Scoot's narrowbody operation (previously Tigerair) recently resumed growth after a three year hiatus, while the widebody operation which was initially launched in 2012 continues to grow at a consistent pace.

Six years ago, prior to Scoot's initial launch as a long haul LCC, the AirAsia, Jetstar and Tigerair groups had virtually equal market shares in Singapore. Jetstar at the time was the only LCC operating long haul routes from Singapore. Capacity at Jetstar and AirAsia has since been relatively flat, or slightly down, whereas Scoot has expanded rapidly.

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