Tigerair heads back into profit

Tigerair has reported underlying earnings before interest and tax of $2.2 million in 2015/6 compared to a loss of $37 million in the prior year period. CEO John Borghetti stated that the brand now is “certainly recovered”, adding that the “customer experience has improved significantly – just look at the on-time performance: it’s absolutely running miles ahead of Jetstar, something that no one had ever expected.” Some 85% of Tigerair’s domestic flights arrived on time last year. Tigerair passenger numbers rose by 11.6% during the reporting period on the back of a 14% rise in capacity.