Tiger Airways have bounced back to profit in the third quarter, announcing today a net profit after tax of SGD$14.1 million for the quarter ending 31 December 2009, compared to a SGD$7.7 million loss for the same period a year ago.The budget carrier said the result, which represented a $22 million turnaround, was driven by a higher load factor.
“The growth in passenger numbers was at a faster pace than the increase in seat capacity (+46%) pushing passenger load factor to 88%, a 5 percentage points improvement over the previous year” it said in a statement. Full Story
Related:
Tiger Airways rebounds with third-quarter profit - Earth Times
Tiger Airways Holdings 3Q Net Profit S$14.1M Vs S$7.7M Loss - The Wall Street Journal
Tiger flies in a profit in Australia - The Sydney Morning Herald
Tiger Airways tells Australian carriers to ‘deal with us as a long term competitor’ - Crikey.com
Tiger Airway's profit awaits breakdown - The Australian
Tiger Airways Flies Into Profit Down Under - Bernama.com
