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Oct 8, 2009
JetQuay lost $6m in 3 years
By Karamjit Kaur, Aviation Correspondent
THE red ink is pooling around Changi Airport's luxury terminal operator, despite a cut in its fees to attract travellers.
In the three years up until the end of last year, JetQuay lost close to $6 million, The Straits Times has found out.
Part of the bleed came from a drop in the demand for air travel, particularly in the premium segment, these last 12 months. This is expected to affect the terminal operator's earnings this year as well.
JetQuay lost $6m in 3 years
By Karamjit Kaur, Aviation Correspondent
THE red ink is pooling around Changi Airport's luxury terminal operator, despite a cut in its fees to attract travellers.
In the three years up until the end of last year, JetQuay lost close to $6 million, The Straits Times has found out.
Part of the bleed came from a drop in the demand for air travel, particularly in the premium segment, these last 12 months. This is expected to affect the terminal operator's earnings this year as well.
