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Tiger Airways Returns to Profit

27 Jan 2013 22:06:24

online.wsj.com

Tiger Airways Holdings Ltd. J7X.SG -0.65% returned to profit in the quarter ended December after six consecutive quarters of losses, but the Singapore-based budget carrier flagged a tough few months ahead as demand for air travel enters a seasonal slowdown.


Asia's budget carriers have fared better than full-service airlines in recent years as the global economic slowdown pushed many small and medium-sized companies to look for cheaper travel options. But Tiger has battled losses because its Australian unit, which accounts for a third of its fleet, was grounded by the regulator in July 2011 for six weeks on safety concerns and only gradually allowed to resume full flight operations.


Read full story: online.wsj.com

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