Tiger Airways Posts Quarterly Profit

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Tiger Airways Holdings
TAIRF
posted a net profit for the three months ended December. Tiger Airways swung to a quarterly net profit of 2.2 million Singapore dollars (US$1.64 million), versus a year-ago net loss of S$118.5 million. Its revenue climbed 5.9% to S$182.3 million, while total expenses slipped 1.5% to S$178.2 million. The company posted an operating profit of S$4.1 million, versus an operating loss of S$8.8 million. Its traffic gained 2.1%, while the load factor rose 6.2 percentage points.
Posted In: EarningsNewsprofit
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