Tiger Airways reported a net profit of S$37.8 million ($27.3 million) for the year ended March 31, according to Reuters. The previous year the airline posted a loss of S$14.30 million. Revenue increased 56% year-over-year to $S271 million. Tiger, which launched in 2004 and also operates an Australian subsidiary based in Melbourne, said passenger numbers rose 73.7% during the fiscal first quarter ended June 30. It will base two A319s at Adelaide early next year.

Subscribe to Access this Entire Article

"Tiger roars to first full-year profit" 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.