LCC penetration in the city-state has stagnated.
Singapore Airlines’ SilkAir continues to do better in the city-state, but the success is less of what they are doing and more of how low-cost carriers have slowed down in Singapore.
According to CIMB, Singapore’s LCC penetration has stagnated at the 31% level.
CIMB adds that Tigerair ,Jetstar Asia and other LCCs growing their capacity from Singapore only very slowly.
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