Singapore-based low-cost carrier (LCC) Tigerair reported a net profit of S$7.9 million ($5.8 million) for the 4Q 2016, which ended March 31. This was reversed from a net loss of S$18.8 million in the year-ago period. Quarterly revenue rose 4.1% to S$179 million for the 4Q 2016 period. This brought an operating profit of S$14.5 million for the quarter, reversed from an operating loss of S$2.3 million year-on-year. The company said it was “heartened by these results which indicate that ...

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