My Account Menu

CAPA Login


Register to trial CAPA Membership!

Tiger Airways reports 22% profit growth in 3QFY2011

31-Jan-2011 11:52 AM

Tiger Airways revenue up 22% - financial* highlights for the three months ended 31-Dec-2010:

  • Revenue: USD132.4 million, +22.2% year-on-year;
    • Passenger: USD105.7 million, +18.7%;
    • Ancillary: USD26.7 million, +38.2%;
  • Costs: USD111.7 million, +23.6%;
    • Fuel: USD42.5 million, +31.5%;
    • Labour: USD16.8 million, +42.1%;
  • Operating profit: USD20.7 million, +14.7%;
  • Net profit: USD17.6 million, +60.3%;
  • Passenger numbers: 1.5 million, +13.4%;
  • Passenger load factor: 88.0%, +0.4 ppt;
  • Average passenger fares: USD71.71 cents, +4.6%;
  • Revenue per ASK: USD 5.55 cents, +0.4%;
  • Cost per ASK: USD 4.68 cents, +1.7%;
  • Cost per ASK excl fuel and forex: USD 2.84 cents, -3.2%;
  • Average sector length: 1425km, +7.8%;
  • Total assets: 719.6 million, +57.8% when compared with period ended 31-Mar-2010;
  • Total liabilities: USD573.1 million, +68.7% when compared with period ended 31-Mar-2010. [more]

* Based on the conversion rate USD1 = SGD1.2872