Tuesday, May 22, 2012

Tiger Airways - Ready to Soar?

Tiger Airways reported a full year loss of $104.3mil compared to a $39.9mil net profit one year ago.  For the fourth quarter, the net loss incurred was $16.4mil.  Net asset value also fell to 30 cents per share as at end-Mar 2012 compared to 36 cents per share on 31 Mar 2011.

In fiscal year 2012, passengers served fell 8.4% to 5.5mil.  Load factors fell to 81.5% while cost per available seat kilometre rose by 12%.  The result was also significantly impact by the Tiger Australia suspension by the Civil Aviation Safety Authority of Australia (CASA) as well as high fuel prices.

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