Tigerair makes $2.2m profit in Q3 last year, reversing loss in previous same quarter

SINGAPORE - Tigerair made a $2.2 million profit in the three months to the end of December, reversing a $118.5 million loss during the same quarter the year before that.

Total revenue improved by 5.9 per cent to $182.3 million while spending fell by 1.5 per cent to $178.2 million, the budget carrier said on Monday.

The turnaround was on the back of more passengers carried and higher yields.

The improved numbers reflect the success of the group's initiatives to focus on its Singapore operations in its execution of turnaround plan, the airline said.