Monday, 14 November 2011

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Tiger Airways sinks into the red on Australian woes, fuel prices

  • Monday, 14 November 2011
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  • Monsters and Critics, 14 Nov 2011
    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

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