Epic Research Singapore : Tiger Airways Market News Update

Singapore’s Tiger Airways Holdings warned of a bleak outlook as it reported a huge increase in its fourth-quarter net loss after the airline was hurt by losses in its joint ventures and exceptional charges.

 

BUDGET carrier Tiger Airways posted a loss of S$95.5 million for the fourth quarter ended March 31, deepening the red ink from the S$15.38 million loss posted in the corresponding quarter a year earlier.

Revenue fell from S$240.62 million previously to S$161.9 million in the quarter under review; loss per share widened to 9.68 Singapore cents from a loss per share of 1.79 Singapore cents in 4QFY13.
 

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