Tiger Airways shares rise after Australia approves more sectors

[oz_mark]

Nov 16 (Reuters) - Shares of Singapore budget carrier Tiger Airways rose as much as 4.5 percent on Wednesday after its Australian unit received regulatory approval to operate a maximum of 32 sectors per day, up from the current limit of 22 sectors.

The approval from the Civil Aviation Safety Authority of Australia takes immediate effect.

Tiger Airways shares rise after Australia approves more sectors | Reuters

 

[JohnK]

Interesting indeed.

I know it is not wise to compare different stock markets but on figures alone Tiger Airways share price is higher than the price of Virgin Australia.

Which is the more successful airline and which airline is likely to last longer?

 

[pauly7]

Interesting indeed.

I know it is not wise to compare different stock markets but on figures alone Tiger Airways share price is higher than the price of Virgin Australia.

Which is the more successful airline and which airline is likely to last longer?

One clearly has a parent with much much deeper pockets...

 

[oz_mark]

Interesting indeed.

I know it is not wise to compare different stock markets but on figures alone Tiger Airways share price is higher than the price of Virgin Australia.

Which is the more successful airline and which airline is likely to last longer?

It is not even meaningful to compare stock prices of different companies in the same stock market, as the number of shares on issue needs to also be considered.