Tiger Airways says its Australian business is expected to post yet another full year loss after the aviation regulator grounded its entire domestic fleet in July this year on safety concerns.
Tiger said on Thursday its Australian operations posted a hefty first quarter loss due to higher fuel costs, lower revenue and flight disruptions as a result of the Chilean volcano ash cloud.
And Tiger Airways newly-installed group chief executive Chin Yau Seng reaffirmed that the grounding was still costing the company about $S2 million ($A1.56 million) a week. Full story
Related:
Tiger Australia to post full year loss - ninemsn.com.au
Tiger Airways says earnings to be hit by Australia ban, jet fuel - Reuters
Tiger unveils heavy losses as CASA strikes again - Businessday.com.au
Tiger Air says it's committed to Australia - ninemsn.com.au
Tiger Airways announces heavy losses, grounded into next week - news.com.au
Tiger Airways reports loss, grounding in Australia to drag on - Monsters and Critics
Tiger Airways counts its losses - Adelaide Now
