Tiger slashes Q1 loss; eyes profit for full year

Singapore

LIFTED by the absence of now-defunct Tigerair Mandala, Tiger Airways saw its first-quarter net loss narrow to S$1.68 million from a hefty S$65.22 million a year ago when the corresponding quarter was hit by shutdown costs and losses from its Indonesian cub.

The budget carrier also clocked a group operating profit of S$552,000 for the three months ended June 30 (Q1FY16), versus a l…