SUBSCRIBERS

Tiger Airways leaps on Q3 profit

Budget carrier posts S$2.19m gain for Oct-Dec 2014, a reversal from S$118.5m loss a year ago

Nisha Ramchandani

Published Mon, Jan 26, 2015 · 09:50 PM

Singapore

SHARES in Tiger Airways gained six Singapore cents or 23.1 per cent to close at 32 cents on Monday after the budget carrier unveiled a net profit of S$2.19 million for the three months ended Dec 31, 2014.

It was the most heavily traded stock by volume on Monday with some 113.9 million shares changing hands.

Bolstered by recent efforts to turn around its ailing operations, Tiger swung into the black for 3QFY15 with a net profit of S$2.19 million, reversing a loss of S$118.54 million in the corresponding quarter a year ago. In 3QFY14, its results were buffeted by …