Heraldsun.com.au
7 Aug 2008
BUDGET carrier Tiger Airways has reported an annual net profit of $S37.8 million ($41.5 million), despite higher oil prices and stiff competition.
The carrier said the earnings from its Singapore operations reversed a loss of $S14.3 million dollars in the previous fiscal year and met a pledge to be profitable within its third year of operation.
Tiger, 49 per cent owned by Singapore Airlines, said revenues rose 56 per cent to $S271 million.
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