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| Tiger Airways says January passenger numbers grew 29% yr/yr |
| WRITTEN BY THOMSON REUTERS |
| THURSDAY, 10 FEBRUARY 2011 17:35 |
Singapore budget airline Tiger Airways (TAHL.SI) said on Thursday it carried 553,000 passengers in January this year, a 29% increase from a year earlier. The average load factor across Asia and Australia for the month was 84%, lower than 86% a year ago. Load factor is the number of passengers as a%age of total seats available.
The firm said it started services between Singapore and Taipei and increased its daily services between Singapore and Jakarta in January. Earlier this week, it also launched new services between Sydney and Brisbane.
“Going forward, we will be growing our Singapore and Australia cubs significantly for the period April to October 2011,” said Tiger Airways CEO Tony Davis in a statement. “Year-on-year, Tiger Airways Singapore and Tiger Airways Australia will increase their seat capacity by 41% and 20% respectively, by strengthening their presence on key routes and introducing new destinations,” he added. |
Tiger Airways Holdings – 3QFY11 (Derrick Heng)
Recommendation: Hold
Previous close: S$1.74
Fair value: S$1.64
- Revenue increased by 22% to S$170.4mn, while PATMI increased 60% to S$22.6mn.
- Profit beat our estimates for the quarter, but the Australia business will likely be a drag in 4QFY11.
- Ancillary revenue to grow, passenger fares to come under pressure.
- Upgrade recommendation to Hold with target price of S$1.64.
/phillipS
Tiger Airways' 3Q net profit rises 60% | WRITTEN BY THOMSON REUTERS |
FRIDAY, 28 JANUARY 2011 17:35 |
Singapore budget carrier Tiger Airways (TAHL.SI) said on Friday its third quarter net profit rose 60%, due to stronger passenger volumes and higher average passenger fares.
Tiger Airways had a net profit of $22.6 million for October-December, up from $14.1 million a year ago.
Its revenue increased 22% to $170.4 million, up from $139.5 million the same period last year.
Tiger Airways is part-owned by Singapore Airlines (SIAL.SI).Tiger Airways reports 3Q net income $22.6m Tiger Airways Holdings, a discount carrier part-owned by Singapore Airlines, said third-quarter net income jumped to $22.6 million from $14.1 million a year earlier.
By Philip Teo
Wed, 26 Jan 2011, 08:40:13 SGT
Break of key support suggests further correction
More downside ahead. Tiger
Airways is likely to see further downside pressure following repeated
failed attempts to retest its 50-DMA resistance recently; this was later
followed by a bearish break below the $1.79 key support yesterday.
Indicators still bearish. With
the RSI still slipping towards the oversold region and MACD having just
initiated a bearish crossover recently; these suggest that the downside
momentum is still intact.
Immediate support at $1.65. We
expect the correction to test the next key support at $1.65 (major
trough in May ’10 and lower channel boundary), breaking which, we see
the next key support around $1.50 (resistance-turned-support).
Initial resistance at $1.79. Above
the newly established support-turned-resistance at $1.79, we peg the
subsequent resistances at $1.94 (peaks in Apr and Nov ‘10) and $2.17
(key peak in Sep ‘10).
By OCBC Research.
Tiger Airways Holdings – Update (Derrick Heng)
Recommendation: Sell
Previous close: S$1.80
Fair value: S$1.65
§ Tiger Airways carried 1,474 passengers for the quarter as compared to 1,300 passengers a year ago.
§ Passengers carried outpaced growth in capacity by 0.6%.
§ High load factor of 88.1% for the quarter is encouraging.
§ Maintain Sell recommendation on valuation grounds with target price of S$1.65.
/PS/
Singapore’s Tiger Airways extends 2 aircraft leases to boost fleet
Tags: Singapore Airlines | Tiger Airways
WRITTEN BY THOMSON REUTERS
THURSDAY, 09 DECEMBER 2010 17:51
Singapore budget carrier Tiger Airways (TAHL.SI) will extend leases on two Airbus A320 aircraft for a further 18 months starting from January, it said on Thursday.
This will boost its fleet to 28 aircraft from 26, Tiger Airways, which is part owned by Singapore Airlines, said in a statement.
Tiger also said it carried 5.7 million passengers for the 12 months ended Nov 30, 34% more than it did in the same period a year earlier.
/theedge/fyi reading
|
Tiger Airways Holdings – Initiation (Derrick Heng) Recommendation: Sell Previous close: S$1.86 Fair value: S$1.65 · Well positioned LCC to match growing demand for budget travel in Asia · Tiger Airways Singapore : Beneficiary of rising wealth and tourism boom in Asia · Tiger Airways Australia : High propensity to travel in the domestic market with plenty of room for growth. · Stretched valuation at the current price · Initiate with a Sell recommendation and a target price of S$1.65. |
Hi!
I've just visited this forum. Happy to get acquainted with you. Thanks!
_________________
Watch Hereafter Online Free
Today lau sai..
O V E R H EA R D :
tIger has nO waY ? ? ? ?
Tiger accuses AirAsia boss of racism
Conrad Raj
editor-at-large
conrad@mediacorp.com.sg — Tiger Airways has accused chief executive of Malaysian rival AirAsia Tony Fernandes of passing “racial remarks” and “resorting to racial slurs” against the Singapore-based carrier.The Bangkok Post, questioned plans by Tiger to form a joint venture with Thai Airways International (Thai), which would compete against Mr Fernandes’ own Thai AirAsia.Today, Mr Fernandes claimed his remarks were not racial and that his statements were “clearly an honest assessment of them”.
SINGAPORE
The spat erupted after Mr Fernandes, in an interview with
Noting that Thai AirAsia was run by a Thai management team, the AirAsia chief told the newspaper:
“We’re Asians, not a bunch of white guys running the airline”,
referring to the management team at Tiger, which is helmed by Mr Tony Davis, who is the airline’s president and group CEO.
Responding to his comment, Tiger Airways said yesterday: “We are disappointed and surprised to read reports that the head of AirAsia has passed racial remarks against Tiger Airways.”
“While we understand that we are intensifying the level of competition with our expansion across Asia, resorting to racial slurs is unbecoming and unnecessary.”
The Singapore-based airline added: “Tiger Airways is proud of our employees’ contributions regardless of their race or cultural background. Positions are determined by merit alone.
“In any case, we happen to have a great racial and cultural diversity across our board, management and the rest of the organisation.”
Mr Fernandes also described Tiger Airways, in which Singapore Airlines owns a stake, as an “odd” choice for a business ally for Thai as it was not making “much” money. The Singapore-based airline, he said, was also facing a pilot shortage. “They have not yet been able to solve their problems, so what are they going to teach the Thais?”
In its reply, which was sent to the media on Friday, Tiger Airways said: “Tiger Airways will continue to compete against all airlines in Asia and Australia. Together with Thai Airways, we will create a management team that is well qualified to lead Thai Tiger Airways, and repeat the success of Tiger Airways Singapore and Tiger Airways Australia.”
When contacted by
“I believe that Tiger’s management does not have a clear understanding of the Asian market,” he added.
[Western management does not even understand their own finances and economics at home]
Agree. I was surprise when it shoot up like a rocket. Operations wise AA is in much better shape.
des_khor ( Date: 02-Oct-2010 11:27) Posted:
| Good luck who bought this over price counter !! |
|
wIll cOntamInated fUel
caUse flyIng plane tO CRASH
In mId aIr ? ? ? ?
pharoah88 ( Date: 05-Oct-2010 14:12) Posted:
|
Tiger grounded planes due to maintenance issues
Budget carrier Tiger Airways said its recent cancellations of some flights were due to two aircraft being grounded because they required extended maintenance.
Tiger said one aircraft was out of operation for several weeks.
As the aircraft was only delivered in February, Tiger said it had successfully claimed against the warranty.
The other aircraft was removed from service for a week because of fuel tank contamination.
Tiger shares fell 3 cents, or 1.5 per cent, to $2.01 apiece yesterday. |
|
Tiger grounded planes due to maintenance issues
Budget carrier Tiger Airways said its recent cancellations of some flights were due to two aircraft being grounded because they required extended maintenance.
Tiger said one aircraft was out of operation for several weeks.
As the aircraft was only delivered in February, Tiger said it had successfully claimed against the warranty.
The other aircraft was removed from service for a week because of fuel tank contamination.
Tiger shares fell 3 cents, or 1.5 per cent, to $2.01 apiece yesterday.
Tiger eat meat....
shplayer ( Date: 03-Oct-2010 00:22) Posted:
If I have to choose between flying Tiger Air and Air Asia, I will take AA anytime.
TA service sucks. |
|
If I have to choose between flying Tiger Air and Air Asia, I will take AA anytime.
TA service sucks.
tIger aIr
rUns
cat bUsIness mOdel
nIghtmares
fOr
cUstOmers
InvestOrs
Good luck who bought this over price counter !!
SINGAPORE : Budget carrier Tiger Airways cancelled nearly half of its flights out of Singapore on Friday due to technical faults with its aircraft.
Online flight status information provided by Changi Airport showed that 15 out of 33 flights scheduled to depart on Friday had been cancelled.
It is estimated that as many as 2,700 passengers may have been affected.
The cancellations affected flights to Kuala Lumpur, Penang, Jakarta, Phuket, Krabi, Bangkok, Perth, Chennai and Macau.
Responding to queries from Channel NewsAsia, the Singapore-based low cost carrier said two of its Airbus A320 aircraft have experienced technical issues over the past few weeks and were grounded for extended checks and maintenance.
The technical issues included faults with the electrical supply to the braking system of one aircraft, while the second aircraft experienced fuel tank contamination.
One of the aircraft had to be sent back to Airbus' headquarters in Toulouse, France.
The carrier said this has caused significant disruption to its flight programme, which have resulted in the rescheduling and cancellation of flights.
Tiger Airways has a total of 19 Airbus A320 aircraft in its fleet. Ten are operated from Singapore, and the remaining nine from Australia.
A Tiger spokesperson said passengers have been offered various alternative options such as refunds and alternative flights.
