Tiger Airways rebounds to S$28 million fiscal-year profit

[NM]

From ATW Daily News:

Tiger Airways reported net income of S$28.2 million ($37.7 million) for its fiscal year ended March 31, reversed from a S$50.8 million net loss in the prior year.

Noted in the report is that Tiger Airways Australia broke even for the reporting period.

 

[kamchatsky]

That's a good sign, especially it is important for Tiger to survive in order to keep air fares lower. Even DJ sort of stops Keeping the Air Fair these days.

 

[samh004]

Am I doing the calculation right in that they have a 5.8% profit margin, that’s pretty low. Seems like they need to cut costs a hell of a lot.

 

[straitman]

Am I doing the calculation right in that they have a 5.8% profit margin, that’s pretty low. Seems like they need to cut costs a hell of a lot.

It might be a very low return but it is a huge improvement over their previous performances.

 

[samh004]

It might be a very low return but it is a huge improvement over their previous performances.

Oh yes, huge improvement, but lots of room for much more improvement too.