Sign up | Log in



Home  >>   Daily News  >>   Singapore  >>Aviation  >> Tigerair on a turnaround: Budget carrier's operating loss down 90.6% year-on-year
NEW UPDATES Asean Affairs  6 May  2015  

Tigerair on a turnaround: Budget carrier's operating loss down 90.6% year-on-year

SINGAPORE: Tiger Airways Holdings on Tuesday (May 5) reported an operating loss of S$2.3 million in the quarter ending Mar 31, a 90.6 per cent decrease year-on-year from their loss of S$24.2 million in the same period a year ago.

Tigerair's net loss after tax fell to S$18.8 million, compared to S$95.5 million a year ago. The budget carrier attributed the improvement to stronger yield, lower cost and a higher load factor of 3.9 percentage points.

Total revenue for the quarter rose 5 per cent to S$172.2 million, from S$164 million, while total expenses fell 7.3 per cent to S$174.5 million, down from S$188.2 million.

The Singaporean carrier also noted that it would have recorded an operating profit of S$4 million if not for a revision of its aircraft depreciation policy and reassessment of maintenance provisions for leased aircraft.

Said CEO Lee Lik Hsin: “Our turnaround efforts continue to bear fruit. More than half of the recovery in operating performance came from stronger yields and load factors, while the remainder came from lower fuel price. The changes in provisions relating to our fleet will also put us on a firmer footing moving forward.”

Tigerair said that it will tackle the issue of surplus capacity in the industry by continuing to optimise its fleet size to improve yields and loads. It will also benefit from lowered oil prices as hedged oil contracts expire.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           May  6 , 2015 Subsribe Now !
• Agriculture, forestry and fish exports decline 6% on year Subcribe: Asean Affairs Global Magazine
• Bandung substantially raises foreign tourist visit target to 500,000
• S’pore top source of RI foreign visitors
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Tigerair on a turnaround: Budget carrier's operating loss down 90.6% year-on-year
• S’pore buyers urged caution when investing in foreign properties 
Asean Analysis                   May 1, 2015
• Asean Analysis May 1, 2015
The ASEAN Summit: Harbinger of Future Progress?
Advertise Your Brand

Asean Stock Watch  May 4,  2015
• Asean Stock Watch-May 4, 2015
The Biweekly Update
• The Biweekly Update May 1, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand