Mandala closure deepens Tigerair’s 1Q loss

Credit: By Rob Finlayson
Singapore-based low-cost carrier (LCC) Tigerair Group reported an after-tax loss of SGD65.2 million ($52.6 million) for the quarter ended June 30, 2014 (1Q FY15), deepening the SGD32.8 million loss reported for the year-ago period (1Q FY14). During the quarter, the airline reported an operating loss...

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