Despite attempts to revive its flagging figures by rebranding and leaning down its operations, Singapore-based LCC Tigerair has nonetheless seen losses worsen five-fold compared with the previous year. Figures released last week show a net loss of $177 million for FY 2013/14—compared with a $36.2 million loss the previous year. This is the third year the LCC has been bleeding red ink, and with a war of attrition looming from regional LCC rivals Jetstar, Lion Air and AirAsia things are ...
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