Singapore-based low-cost carrier (LCC) Tigerair has posted a S$2.2 million ($1.63 million) profit for the fourth quarter of 2014, reversed from a net loss of S$118 million in the year-ago quarter. The Singapore Airlines (SIA) subsidiary said that improvements in higher load factors, better yields and a trimming of overall capacity all helped raise the airline’s efficiency. “We had to make some difficult decisions in the turnaround process,” Tigerair Group CEO Lee Lik Hsin ...

Subscribe to Access this Entire Article

"Tigerair swings to $1.63 million profit in FY15 4Q" 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.

Already registered? here.