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February 13, 2016 4:41 AM ET

Airlines

Company Overview of Tiger Airways Holdings Limited

Company Overview

Tiger Airways Holdings Limited engages in airline and aircraft management business in Singapore. It provides air transportation services to approximately 38 destinations across 12 countries in Asia. The company has a strategic alliance with Cebu Pacific. Tiger Airways Holdings Limited was founded in 2004 and is based in Singapore.

No. 04-06/09 Honeywell Building

17 Changi Business Park Central 1

Singapore,  486073

Singapore

Founded in 2004

Phone:

65 6422 2200

Fax:

65 6422 2310

Key Executives for Tiger Airways Holdings Limited

Chief Executive Officer, Executive Director and Member of Executive Committee
Age: 44
Total Annual Compensation: $603.2K
Compensation as of Fiscal Year 2015.

Tiger Airways Holdings Limited Key Developments

Tigerair Reports Operating Results for the Month and Twelve Months Ended January 2016

Tigerair reported operating results for the month and twelve months ended January 2016. For the month of January 2016, the airline operations in Singapore recorded 0.7% year-on-year (y-o-y) decline in traffic to 781.6 million revenue passenger-kilometres (RPK), while capacity decreased by 4.2% to 958.8 million available seat-kilometres (ASK). Consequently, y-o-y passenger load factor increased by 2.9 percentage points to 81.5%. The number of passengers carried increased by 1.7% y-o-y to about 417,000. For the twelve months to January 2016, traffic declined by 3.4% y-o-y to 9.5 billion RPK, while capacity decreased by 4.6% to 11.5 billion ASK. Consequently, passenger load factor was 1.0 percentage point higher at 82.7%. The number of passengers carried fell by 3.1% to 5.1 million.

Tiger Airways Holdings Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Tiger Airways Holdings Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported revenue of SGD 187,380,000 compared SGD 184,637,000 for the same period a year ago. Operating profit was SGD 10,048,000 compared to SGD 4,095,000 last year, this was primarily due to lower fuel costs. Net profit for the period was SGD 6,781,000 or 0.27 cents per diluted share compared to loss of SGD 2,193,000 or 0.15 cents per diluted share last year. Profit before taxation was SGD 6,892,000 against SGD 2,628,000 a year ago. Net cash flows from operating activities were SGD 14,188,000 against SGD 3,795,000 a year ago. Purchase of property, plant and equipment was SGD 18,185,000 against SGD 58,000 a year ago. Additions to intangible assets were SGD 417,000 against 48,000 a year ago. The Group had a net debt position of SGD 6.9 million as at the end of the quarter. For the nine months, the company reported revenue of SGD 523,571,000 compared to SGD 505,229,000 for the same period a year ago. Operating profit was SGD 156,000 compared to loss of SGD 37,601,000 for the same period a year ago, this was mainly attributable to lower fuel costs. Loss for the period was SGD 7,659,000 or 0.31 cents per basic and diluted share compared to SGD 245,411,000 or 22.06 cents per basic and diluted share last year. Loss before taxation was SGD 7,426,000 against SGD 251,527,000 a year ago. Net cash flows from operating activities were SGD 16,398,000 against SGD 22,683,000 a year ago. Purchase of property, plant and equipment was SGD 22,528,000 against SGD 33,858,000 a year ago. Additions to intangible assets were SGD 418,000 against SGD 169,000 a year ago. Net cash inflows from operating activities of SGD 16.4 million was mainly due to cash generated from core operations of SGD 36.3 million, partially offset by funding of surplus aircraft of SGD 19.9 million.

Tigerair Reports Operating Results for the Month and Twelve Months Ended December 2015

Tigerair reported operating results for the month and twelve months ended December 2015. For the month of December 2015, the company’s operations in Singapore recorded 1.4% year-on-year decline in traffic to 877.0 million revenue passenger-kilometers (RPK) from 889.1 million RPK a year ago, while capacity decreased by 1.4% to 1,017.9 million available seat-kilometers (ASK) from 1,032.7 million ASK a year ago. Consequently, year-on-year passenger load factor increased by 0.1% point to 86.2% from 86.1% a year ago. The number of passengers carried increased by 0.4% year-on-year to about 470,000 from 468,000 a year ago. For the twelve months to December 2015, the company’s traffic declined by 3.6% year-on-year to 9,494.2 million RPK from 9,844.7 million RPK a year ago, while capacity decreased by 5.3% to 11,519.9 million ASK from 12,158.5 million ASK a year ago. Consequently, passenger load factor was 1.4% points higher at 82.4% from 81.0% a year ago. The number of passengers carried fell by 3.6% to 5.070 million from 5.261 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 6, 2015
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