Friday, January 28, 2011

Tiger Airways' 3Q net profit rises 60%

Singapore budget carrier Tiger Airways (TAHL.SI) said on Friday its third quarter net profit rose 60%, due to stronger passenger volumes and higher average passenger fares.

Tiger Airways had a net profit of $22.6 million for October-December, up from $14.1 million a year ago.

Its revenue increased 22% to $170.4 million, up from $139.5 million the same period last year.

Tiger Airways is part-owned by Singapore Airlines (SIAL.SI).
 

No comments:

Post a Comment