Tigerair Singapore pax numbers up 18% in Jun-2013, load factor stable at 87%
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Tigerair Singapore 2017 outlook: fleet expansion resumes as brand disappears, transit traffic grows
Singapore based LCC Tigerair faces a year of transition in 2017 as it combines with the medium/long haul LCC Scoot. Tigerair and Scoot aim to end 2017 with a single operator's certificate and a single brand as the Tigerair name disappears from the Singapore marketplace, after an at times tumultuous 13 year run.
The Tigerair brand will remain in Australia and Taiwan, at least for the time being. However, the Tigerair Group – which was absorbed by the Singapore Airlines (SIA) Group in early 2016 – no longer owns stakes in any overseas affiliates and is now focused entirely on growing in its home market of Singapore.
The Tigerair Singapore operation has not grown in three years, actually reducing the size of its fleet in response to overcapacity and in a bid to improve profitability. Tigerair Singapore is now profitable again, and expansion of its A320 fleet will resume in late 2017, ending a three year hiatus.
Tigerair Australia Pt 1: Virgin Australia LCC subsidiary completes transformation with first profit
Tigerair Australia has completed a challenging turnaround, with its first annual profit. The LCC, now a fully owned subsidiary of Virgin Australia, was profitable for the first time in its nine-year history in the year ending 30-Jun-2016.
Synergies with Virgin Australia, operational improvements and network adjustments have contributed to the transformation. Virgin Australia has joined its rival Qantas in employing an effective two brand strategy, with Tigerair Australia focused entirely on the leisure sector.
This is the first in a two-part series of reports on the recent performance and outlook for Tigerair Australia. This article will focus on its transformation and newfound profitability. The second will look at potential areas for future long-term growth, including in the international market and with partnerships.