This is a discussion on Tiger Airways posts $14.1m profit within the Local & Foreign Issues forum, part of the Community Lounge category; DESPITE bad publicity over pilot resignations and an aircraft fault leading to flight disruptions and cancellations, Tiger Airways came through ...
DESPITE bad publicity over pilot resignations and an aircraft fault leading to flight disruptions and cancellations, Tiger Airways came through with a $14.1 million profit in the quarter ended Sept 30, reversing the loss of a year earlier.
The profit, against a $2.3 million loss recorded in the same July to September period last year, was on the back of a 35.4 per cent jump in turnover from $106 million to $143.5 million.
This outstripped passenger growth of 25.4 per cent, the budget carrier reported on Tuesday.
Tiger Airways, which is based in Singapore and Australia, carried 1.43 million passengers in the three months to Sept 30, compared with 1.14 million a year earlier.
It hit turbulence in August when a wave of pilot resignations forced it to cancel numerous flights out of Singapore.
A few weeks later, there were more cancellations; over 40 flights were axed in four days because of an aircraft fault.
Tiger Airways posts $14.1m profit