Tiger Airways reports SGD28.2 million profit in FY2010. Fares down, ancillaries up

Tiger Airways Group has turned around its operations from last year, to post a valuable profit of SGD28.2 million for the 12 months to 31-Mar-2010. The carrier was recently listed, and labelled the result a clear indication of the success of its "pure" low cost model. And, while average fares have dipped significantly, ancillary revenues have kept the per-passenger revenue line steady, just as load factors strengthened significantly.