Singapore’s budget airline Tigerair suffers an operating loss of S$16.4m from April to June this year, an increase in losses of S$10.2m from the same period last year.
This comes on top of the closure of Tigerair Mandala early this month, Singapore Business Review reported.
“Although closure of the Indonesian associate is in line with the turnaround strategy, it is another disappointing end to the regional ambitions with minimal exposure to one of the biggest aviation markets in the region,” stated a DBS Bank report.
“However, Tigerair will now be able to concentrate on improving its Singapore operations by working on shrinking its cost base while leveraging on alliances with [other low-cost airlines like] Scoot, SpiceJet and Cebu to increase its customer base.”
Photo: Viewology
Singapore’s budget airline Tigerair suffers an operating loss of S$16.4m from April to June this year, an increase in losses of S$10.2m from the same period last year.
This comes on top of the closure of Tigerair Mandala early this month, Singapore Business Review reported.
“Although closure of the Indonesian associate is in line with the turnaround strategy, it is another disappointing end to the regional ambitions with minimal exposure to one of the biggest aviation markets in the region,” stated a DBS Bank report.
“However, Tigerair will now be able to concentrate on improving its Singapore operations by working on shrinking its cost base while leveraging on alliances with [other low-cost airlines like] Scoot, SpiceJet and Cebu to increase its customer base.”
Photo: Viewology