Tiger Airways has posted its first quarterly loss since the airline went public in January last year. Both Tiger Airways Singapore and Tiger Airways Australia posted a net loss of SG$20.6 million (US$17 million) in the three months ended June 30. This reverses a SG$1.9 million profit in the same quarter last year. High fuel prices, adverse weather conditions and disruption caused by volcanic ash from Chile’s Puyehue-Cordon Caulle volcano during the quarter were to blame, according to the company. Between April and June, Tiger Airways Australia recorded an operating loss of SG$23.2 million while the Singapore airline posted an
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