Tiger Airways says its Australian operations will focus on flying profitably rather than growth in fiscal 2012, after natural disasters pushed the airline’s local business to a full year loss.Singapore-based Tiger started flying in Australia in November 2007. It has bases at Melbourne’s Tullamarine and Avalon Airports, as well as Adelaide.
Tiger said its Australia business posted an operating loss of $S9 million ($6.8 million) in the 12 months to March 31, 2011, compared with an operating loss of $S600,000 in the prior year. Revenue in Australia rose to $S279.5 million, from $S208 million, Tiger’s audited financial results showed.
‘‘Challenging operating conditions in the financial year impacted on the Tiger Airways Australia result, with weather events significantly impacting on its performance in the fourth quarter,’’ Tiger said in a statement released last night. ‘‘As a consequence seat capacity will now be kept in line with the previous year.‘‘This strategy will simplify our domestic Australian operations and focus the business on profitable routes to generate improved returns from our Australian business.’’
Australia’s Civil Aviation Safety Authority issued the airline a show cause notice in March this year, amid concerns about the carrier’s pilot training standards, maintenance and other operations. It was understood Tiger cannot add to its existing nine Airbus A320 fleet in Australia until the show cause notice was lifted.
While Tiger said Australia would not get any additional aircraft in fiscal 2012, nine Airbus A320s were expected to be added to the Singapore fleet.
‘‘Given the growth opportunities in Asia and our ongoing focus to optimise group profitability, Tiger Airways Singapore has increased its northern summer 2011 seat capacity by 41 per cent year-on-year,’’ Tiger said.
The airline group reported an operating profit of $S47.2 million for fiscal 2011, up 82 per cent from $S26 million in the prior corresponding period.Revenue rose 28 per cent to $S622.2 million, Tiger’s audited financial results showed.
Tiger said its Australia business posted an operating loss of $S9 million ($6.8 million) in the 12 months to March 31, 2011, compared with an operating loss of $S600,000 in the prior year. Revenue in Australia rose to $S279.5 million, from $S208 million, Tiger’s audited financial results showed.
‘‘Challenging operating conditions in the financial year impacted on the Tiger Airways Australia result, with weather events significantly impacting on its performance in the fourth quarter,’’ Tiger said in a statement released last night. ‘‘As a consequence seat capacity will now be kept in line with the previous year.‘‘This strategy will simplify our domestic Australian operations and focus the business on profitable routes to generate improved returns from our Australian business.’’
Australia’s Civil Aviation Safety Authority issued the airline a show cause notice in March this year, amid concerns about the carrier’s pilot training standards, maintenance and other operations. It was understood Tiger cannot add to its existing nine Airbus A320 fleet in Australia until the show cause notice was lifted.
While Tiger said Australia would not get any additional aircraft in fiscal 2012, nine Airbus A320s were expected to be added to the Singapore fleet.
‘‘Given the growth opportunities in Asia and our ongoing focus to optimise group profitability, Tiger Airways Singapore has increased its northern summer 2011 seat capacity by 41 per cent year-on-year,’’ Tiger said.
The airline group reported an operating profit of $S47.2 million for fiscal 2011, up 82 per cent from $S26 million in the prior corresponding period.Revenue rose 28 per cent to $S622.2 million, Tiger’s audited financial results showed.
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