Tiger Airways profitable in Dec-2009 quarter, as unit revenues and passenger grow. Third "cub" soon?
Newly-listed Tiger Airways Group reported a recovery in profitability in the three months ended 31-Dec-2009, with Group President and CEO, Tony Davis, stating he was “pleased” with the “strong” financial results in the quarter, driven by profitability and traffic growth (+54% to 1.3 million passengers) across both its “cubs” (a term the carrier uses to refer to its two operating airlines in Singapore and Australia), increased ancillary revenues and a focus on cost containment. He added, “the result demonstrates that we have the right model in the right markets”.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.