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Tiger upbeat for Southeast Asia on record profits; disappointed with Australia

20-May-2011

The combination of record profits at its Singapore operation and “disappointing” financial results at its Australia operation is prompting Tiger Airways to accelerate expansion in Southeast Asia while halting all growth in Australia. In addition to more capacity from Singapore, the expansion in Southeast Asia includes a new partnership with Mandala, an Indonesian carrier which suspended operations in Jan-2011 and now aims to re-launch services as a potential fifth member of the fast-expanding Tiger Airways Group. [1959 words]

Unlock the following content in this report:

Subheadings:

  • No move to close Australian operation
  • SEAir partnership under investigation
  • Seeks Mandala stake
  • THAI JV also on the table

Graphs and data:

  • Tiger Airways FY2010 results vs FY2011 results
  • Tiger Singapore FY2010 results vs FY2011 results
  • Tiger Australia FY2010 results vs FY2011 results
  • Tiger Airways 4QFY2010 results vs 4QFY2011 results
  • Tiger Airways Group current fleet in service and on order
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