Singapore - Singapore budget carrier Tiger Airways Holdings Ltd on Monday said it sank deep into the red in its second quarter and warned of a substantial loss for the full year due to a flight ban in Australia and high fuel prices.
For the three months through September, Tiger Airways posted a loss after tax of 49.9 million Singapore dollars (38.7 million US dollars), reversing a profit of 14.1 million Singapore dollars from a year ago, the company said. Full story
Related:
Tiger Airways revenue tumbles 23pc on CASA flight suspension - The Australian
Grounding proves costly for Tiger Airlines' Singapore parent - Herald Sun
