THE parent of Australian low-cost airline Tiger Airways sunk to a loss of about $S28 million ($A22 million) for the year to March, in a sharp reversal on the previous year's $S10 million profit.The result for the Singapore Airlines-backed Tiger Aviation indicates that its Australian operations are still suffering large losses as it tries to establish a position in the domestic market. Tiger Aviation is the parent of Singapore's Tiger Airways and Tiger Airways Australia.
The parent's Singapore-based chief executive, Tony Davis, has been upbeat about the airline's performance in Australia but recently conceded it is still losing money.
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