Tigerair challenges continue as losses are recorded in Australia, Indonesia, Philippines & Singapore

Tigerair continues to face challenges, with all four of the group's carriers reporting operating losses for the three months ending 30-Sep-2013. Tigerair's outlook remains relatively bleak as it continues to expand despite intense competition in all four of its home markets.

Tigerair Singapore has struggled to maintain yields and load factors as it has expanded capacity this year at a clip exceeding 25%. While Tigerair has succeeded at becoming the largest LCC brand in Singapore, with a now sizeable gap over Jetstar and AirAsia, its operation in Singapore has slipped into the red for the first time since early 2012 due to over-capacity.

Tigerair Australia, Tigerair Mandala (Indonesia) and Tigerair Philippines remain unprofitable. The group is bullish on their prospects but over the short term the potential for profitability is slim.