On May 16, SIA announced that Thng, with effect from July 1, will be promoted to an executive vice president within the SIA group.
Both Singapore Airlines (SGX:C6L
) and Scoot saw record passenger load factors for the year ended March. With 12.7 million passengers carried, up 52.5% over the previous year, the low-cost unit Scoot achieved a higher load factor of 91.2% than the parent airline’s 87.1%. However, with the drop in revenue per available seat km from the higher base of the last financial year, Scoot’s operating profit for the same FY2024 dropped by a fifth to $118.1 million.
If Scoot’s CEO Leslie Thng can have his way, he will launch more flights and fly to more destinations to further capture the strong growth of this regional market. The growth is even more notable given how Scoot has already put 5% more capacity in place than the pre-pandemic days. “We will continue to ramp up our capacity to meet the increasing air travel demand,” says Thng.
