Tigerair records operating profit in FY2016 with higher passenger revenue and lower fuel costs

Tigerair reported (12-May-2016) an operating profit in FY2015/16 mainly due to higher passenger revenue, with yield improving 2.9% year-on-year, and reduced net fuel costs. The result was partially offset by an increase in aircraft depreciation, lease rentals and maintenance costs. [more - original PR]