Turnaround bid slashes Tiger Airways' Q4 loss
Shares take a hit as quarter's deficit raises full-year loss to S$264.2m
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Singapore
SHARES in Tiger Airways took a hit on Tuesday after it unveiled a fiscal fourth-quarter net loss of S$18.82 million, raising its full-year (FY2015) net loss to S$264.23 million. The stock fell 2.5 cents, or 7.2 per cent, to close the day at 32 Singapore cents.
Although the Q4 FY2015 net loss was sharply lower than the S$95.51 million deficit a year ago, the full-year net loss was 18.5 per cent higher than FY2014's S$223 million.
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