Profit priority – Virgin Australia will be working to close the S$69 million loss recorded by Tiger during the last year. (Rob Finlayson)
Tiger Airways Australia recorded a 10.8 per cent improvement in operating results during 2012/13, but still recorded an overall loss of S$69 million.
The carrier’s revenue rose 60.4 per cent to S$247 million on a 57 per cent increase in passenger traffic. However, a rise in costs by some 37 per cent largely obviated the improved revenues.
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Bringing Tiger to profit will be Virgin Australia’s priority when it takes majority ownership mid-year as it positions the low-cost airline against rival Jetstar.
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