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Tiger Airways reports 32% increase in 2010 passenger traffic

Tiger Airways reported Dec-2010 traffic of 505,000 passengers, up 22% year-on-year. Passenger load factor was 91%, up 1.0ppt from Dec-2009. For the 12 months ended Dec-2010:, Tiger Airway’s passenger numbers were 5.8 million, up almost a third. Passenger load factor was 86%, 2.0ppts higher than last year.

 Shares in Tiger were down 1.1% on Monday.

Other major movers were SpiceJet (-3.9%), which has seen its shares slide almost 8% this year already. Westjet gave up 3.5% and Cebu Pacific was down 2.8%.

Virgin Blue shares maintained their positive momentum, up 4.7%, following the announcement of a new agreement with Skywest covering regional operations in the Australian domestic market.

Selected LCCs' daily share price movements (% change): 11-Jan-2011

PEA