Tiger: We’re doing okay, thanks
SINGAPORE – Tiger Aviation has confirmed passenger growth of 50.4 percent for the three months ending December 31, 2008 compared to the year before.
In addition, Tiger Airways’ group airlines third quarter financial year 2008/09 included a 53.4 percent increase in seat capacity and maintenance of high load factors in both Singapore and Australian businesses
Speaking at the Low Cost World Aviation Conference in Singapore Tony Davis, president and CEO of Tiger Aviation said, “2008 proved to be a difficult trading year for airlines across the globe as firstly high oil prices and more latterly economic conditions rapidly deteriorated.
“Tiger Airways is bucking the trend by delivering strong year on year growth of more than 50 percent for the last quarter, as passengers seek out lower fares across Asia and Australia.”
During the last quarter Tiger Airways benefited from increased liberalisation in Asia with additional services being added to the long protected Singapore – Kuala Lumpur route as well as being granted traffic rights to both Kuching and Kota Kinabalu.
Davis added, “Aviation is an ever changing landscape, but even with the challenging global market conditions we remain confident about the long term.
“We continue to see strong demand for our low fares and we are committed to continued growth as we expand our operations in both Australia and Singapore.
“Low fare airlines such as Tiger Airways that did not allow themselves to become bloated in the good times, are well placed to benefit from the opportunities created by increased liberalisation, lower costs resulting from the dramatic reduction in oil prices and shrinking competition from those airlines that are downsizing.â€
Ian Jarrett
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