TIGER AIRWAYS Q3 RESULTS

Dino D'Amore
By Dino D'Amore February 1, 2011 15:18

TIGER AIRWAYS Q3 RESULTS

Tiger Airways paid early dividends as the company today said its third quarter net profit rose by 60.3% year-on-year due to higher average passenger fares and strict cost management. The LCC, which is 34.4% owned by Singapore Airlines, said it made a net profit of S$22.6 million in the October-December quarter, up from S$14.1 million in the year-ago quarter. Revenue for the airline, which operates across Asia and Australia, grew 22.2% to S$170.4 million during the same period. The company warned that the recent weather events on the east coast of Australia would have an adverse impact on earnings for Tiger Airways Australia in the fourth quarter.

Dino D'Amore
By Dino D'Amore February 1, 2011 15:18
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