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Reuters

Singapore's Tiger Airways Holdings reported a wider loss in the quarter ended June, hurt by one-time costs related to the shutting down of its Indonesian venture.
Tiger said yesterday its first-quarter net loss rose to S$65.2 million (HK$408 million) from S$32.8 million a year earlier.
The share of loss at Mandala Airlines was S$35.3 million, in addition to a S$14.6 million provision for its shutdown costs as it stopped operations on July 1.
Last month, Tiger, 40 per cent owned by Singapore Airlines, said it was shutting its money-losing Indonesian operations, a casualty of intensifying competition in Southeast Asia's largest domestic airline market.

	[Tigerair] continues to operate in a challenging environment

	TIGER AIRWAYS HOLDINGS
"I believe that our numbers are basically representative of what's happening in the industry," said Lee Lik Hsin, the chief executive of Tiger.
Tiger said its Singapore unit "continues to operate in a challenging environment due to persistent oversupply of capacity in the region".
Tigerair Singapore reported an operating loss of S$19.8 million for the quarter, against a profit of S$5.9 million previously.
Passenger yields dropped 11.5 per cent.
Tiger is still looking to place its surplus aircraft, four of which were returned after Mandala's operations ended.


Tigerair deeper in the red in quarter

Tiger Air said its first-quarter net loss rose to S$65.2 million (HK$408 million) from S$32.8 million a year earlier. 

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Singapore's Tiger Airways Holdings reported a wider loss in the quarter ended June, hurt by one-time costs related to the shutting down of its Indonesian venture.


Tigerair deeper in the red in quarter

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Singapore's Tiger Airways Holdings reported a wider loss in the quarter ended June, hurt by one-time costs related to the shutting down of its Indonesian venture.

Singapore's Tiger Airways Holdings reported a wider loss in the quarter ended June, hurt by one-time costs related to the shutting down of its Indonesian venture.