NokScoot aims to break even by end-2016

Dino D'Amore
By Dino D'Amore May 23, 2016 14:08

NokScoot aims to break even by end-2016

NokScoot, which is 49% owned by Singapore’s no-frills Scoot Pte and 51% by SET-listed budget airline Nok Air, is aiming to break even by the end of this year, according to chief executive Piya Yodmani.

“Our financial performance is improving, allowing us to break even or be close to that point at the end of 2016,” he said.

NokScoot is targeting the vast China-to-Thailand travel market. Although it posted a 1.3 billion baht net loss over a 15-month period to March this year, the renewed focus on the Chinese market, with more routes linking up with Thailand planned, is predicted to boost revenues in the coming months.
Dino D'Amore
By Dino D'Amore May 23, 2016 14:08