Loading
31-Jan-2011 11:52 AM

Tiger Airways reports 22% profit growth in 3QFY2011

Tiger Airways revenue up 22% - financial* highlights for the three months ended 31-Dec-2010:

  • Revenue: USD132.4 million, +22.2% year-on-year;
    • Passenger: USD105.7 million, +18.7%;
    • Ancillary: USD26.7 million, +38.2%;
  • Costs: USD111.7 million, +23.6%;
    • Fuel: USD42.5 million, +31.5%;
    • Labour: USD16.8 million, +42.1%;
  • Operating profit: USD20.7 million, +14.7%;
  • Net profit: USD17.6 million, +60.3%;
  • Passenger numbers: 1.5 million, +13.4%;
  • Passenger load factor: 88.0%, +0.4 ppt;
  • Average passenger fares: USD71.71 cents, +4.6%;
  • Revenue per ASK: USD 5.55 cents, +0.4%;
  • Cost per ASK: USD 4.68 cents, +1.7%;
  • Cost per ASK excl fuel and forex: USD 2.84 cents, -3.2%;
  • Average sector length: 1425km, +7.8%;
  • Total assets: 719.6 million, +57.8% when compared with period ended 31-Mar-2010;
  • Total liabilities: USD573.1 million, +68.7% when compared with period ended 31-Mar-2010. [more]

* Based on the conversion rate USD1 = SGD1.2872

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More