Tiger Airways posts Q3 net loss of $118.5m

TIGER Airways Holdings has posted a net loss of $118.5 million for the third quarter ended Dec 31, 2013 - buffeted by a $30.3 million loss from its planned divestment of Tigerair Philippines and a $58 million impairment of associates. It also recorded $23.1 million in share of losses of associates.

Third-quarter revenue for financial year 2014 slumped 30.5 per cent to $172.1 million, while total expenses declined 21…