Singapore-based low-cost carrier (LCC) Tigerair Group reported an after-tax loss of SGD65.2 million ($52.6 million) for the quarter ended June 30, 2014 (1Q FY15), deepening the SGD32.8 million loss reported for the year-ago period (1Q FY14). During the quarter, the airline reported an operating loss of SGD16.4 million, compounding the operating loss of SGD6.2 million reported for the year-ago period. Total revenue was down 28.4% to SGD169 million in 1Q FY15. Total expenses fell 23.5% ...
Subscribe to Access this Entire Article
"Mandala closure deepens Tigerairâs 1Q loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.