Tiger Airways says its Australian operations will focus on flying profitably rather than growth in fiscal 2012, after natural disasters pushed the airline’s local business to a full year loss.
Tiger said its Australia business posted an operating loss of $S9 million ($6.8 million) in the 12 months to March 31, 2011, compared with an operating loss of $S600,000 in the prior year. Revenue in Australia rose to $S279.5 million, from $S208 million, Tiger’s audited financial results showed. Full story
Related:
Tiger Australia posts full year loss - ninemsn.com
Tiger Airways grounded by losses - Adelaide Now
Tiger seeks to claw back loss - ABC News
Tiger Airways to focus on Profitability after posting loses - International Business Times
