TIGER MISSES THE MARK

admin
By admin November 4, 2010 14:43

TIGER MISSES THE MARK

Tiger Airways half-year profits of $S16 million has disappointed investors. The numbers fell way short of market expectations even though it improved on last year’s $S8 million loss.

The future looks bleak for the budget carrier as analysts say it will struggle to meet consensus forecasts for a $S60 million profit for the full year.

Tiger has been blighted by technical problems to its fleet, which in August caused he airline to ground two aircraft in Singapore. A high turnover of pilots and senior managers since the airline was floated on the Singapore Stock Exchange in January has also been a problem.

admin
By admin November 4, 2010 14:43
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