Fasten your seatbelts: Turbulence ahead for budget carriers in Changi Airport
Amid rising costs and fierce competition, low-cost airlines must navigate a turbulent path to stay profitable while keeping fares low
Add BT as a preferred source
[SINGAPORE] Even as Jetstar Asia braces for its final day of operations on Jul 31, the skies surrounding Changi Airport are set to remain busy.
Come that day, 31 planes will take off from the runways of Changi Airport, traversing a sliver of the Java Sea before landing in Jakarta, Indonesia, just under two hours later. Twelve of those flights on this popular route will be operated by budget carriers, checks by The Business Times found.
But amid an increasingly challenging landscape fraught with rising competition and costs, the future for these low-cost airlines – which make up about one-fifth of the carriers operating in Changi Airport – could well be in jeopardy.
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
