February 25, 2017 2:00 AM ET

Airlines

Company Overview of Scoot Pte Ltd.

Company Overview

Scoot Pte Ltd. operates a commercial airline in Singapore and internationally. Scoot Pte Ltd. was formerly known as New Aviation Private Limited and changed its name to Scoot Pte Ltd. in November 2011. The company was founded in 2011 and is based in Singapore. Scoot Pte Ltd. operates as a subsidiary of Singapore Airlines Limited.

Changi Airport Terminal 1

80 Airport Boulevard

#04-09

Singapore,  819642

Singapore

Founded in 2011

Phone:

65 315 83388

Fax:

65 621 49800

Key Executives for Scoot Pte Ltd.

Scoot Pte Ltd. does not have any Key Executives recorded.

Scoot Pte Ltd. Key Developments

Scoot Announces Unaudited Earnings and Traffic Results for the Third Quarter and Nine Months Ended December 31, 2016

Scoot announced unaudited earnings and traffic results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported operating profit of SGD 20 million compared to SGD 18 million a year ago. Total revenue was up SGD 49 million, bolstered by a 44.3% increase in passenger carriage, albeit diluted by weaker passenger yield. Capacity expanded more rapidly, by 51.8%. Expenditure rose by SGD 47 million. For the nine months, the company reported operating profit of SGD 26 million against operating loss of SGD 4 million a year ago. For the quarter, passenger carried was 879,000 against 635,000 a year ago. Revenue passenger-km was 3,359.2 million against 2,327.5 million a year ago. Passenger load factor was 80.8% against 85.0% a year ago. Available seat-km was 4,159.2 million against 2,739.3 million a year ago. Passenger breakeven load factor was 78.8% against 80.4% a year ago. For the nine months, passenger carried was 2,441,000 against 1,689,000 a year ago. Revenue passenger-km was 9,071.0 million against 6,056.0 million a year ago. Passenger load factor was 81.4% against 83.8% a year ago. Available seat-km was 11,145.9 million against 7,228.5 million a year ago. Passenger breakeven load factor was 82.4% against 90.7% a year ago.

Scoot Reports Traffic Results for the Month of December 2016

Scoot reported traffic results for the month of December 2016. For the month, the company reported passenger capacity of 1,482.1 million seat-km against 1,038.4 million seat-km a year ago. Passenger-km was 1,295.1 million against 892.9 million a year ago. Passengers carried of 324,000 against 236,000 a year ago. Passenger load factor was 87.4% against 86.0% a year ago. Scoot's systemwide passenger carriage grew by 45.0% year-on-year. Capacity expanded by 42.7% as the number of aircraft increased from nine to twelve. Consequently, PLF improved by 1.4 percentage points to 87.4%. New routes were added to Japan, China, India and Saudi Arabia during the year.

Scoot Announces Traffic Results for the Month of November 2016

Scoot announced traffic results for the month of November 2016. For the month, Capacity (M seat-km) was 1,340.8 against 911.5 for the same period a year ago. Passenger-km (M) were 1,060.7 against 961.8 for the same period a year ago. Passengers carried were 283,000 against 208,000 for the same period a year ago. Passenger load factor were 83.9% compared with 83.1% a year ago.

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