Tiger Airways narrows Q2 loss to S$12.8m
Spike in maintenance charges erodes benefits of cheaper fuel as passenger seat revenue rises
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Sheng Siong Q1 net profit up 9.3% on higher revenue
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
S&P Global first-quarter profit beats estimates on strong product demand
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources