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Tiger Airways back in the black with $23.8m Q2 profit

BOOSTED by gains from the partial disposal of Tigerair Australia, Tiger Airways Holdings swung to a net profit of $23.8 million for the second quarter ended Sept 30, 2013, from a loss of $18.3 million a year earlier. Revenue fell nearly 17 per cent to $163.8 million on the back of lower yields,