Tiger Airways narrows Q2 loss to S$12.8m
Spike in maintenance charges erodes benefits of cheaper fuel as passenger seat revenue rises
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Singapore
ANALYSTS zoomed in on a sharp spike in maintenance charges that eroded the benefits of cheaper fuel for budget carrier Tiger Airways at an earnings call on Friday, after the airline posted a much narrower second-quarter loss on the back of higher passenger seat revenue.
This came as management told a results briefing over the phone that Tiger is capping its fleet size but still plans to keep an eye out for opportunities to fly to new destinations or increase flight frequency.
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