Tigerair attributes 2Q2016 performance to reduced costs

Tigerair attributed (28-Jul-2016) improved performance in 1QFY2017 to a SGD7 million (USD5.2 million) decrease in expenditure. Fuel cost savings were partly eroded by higher lease rentals and maintenance costs. Passenger carriage declined 0.7% and capacity decreased 0.5%, resulting in a 0.1ppt drop in load factor. [more - original PR]