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Tiger trims losses, but profits still far away

31 Jul 2012 05:39:26

australianaviation.com.au

Tiger Airways has trimmed its Australian losses as it returns to full operations, but says the intensifying capacity war between Qantas and Virgin Australia means it will take longer than expected for Tiger to turn a profit.

Tiger reported an operating loss in Australia of $16 million for the three months ending in June, improving on losses of about $17.6 million in the first quarter. The carrier said quarter-to-quarter yields rose by 11 per cent.

But Tiger CEO Andrew David said yields were expected to fall in the second half of the year as substantial capacity increases by Qantas, Jetstar and Virgin Australia force airlines to cut fares.


Read full story: australianaviation.com.au

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