Tiger Airways Holdings Limited Ceases de Vaz Don Emmanuel Maurice Rosairo to be as Director and a Member of the Audit Committee, Executive Committee, Nominating Committee and Remuneration Committee
Jul 31 15
Tiger Airways Holdings Limited announced the retirement of Mr. de Vaz Don Emmanuel Maurice Rosairo. Mr. Maurice de Vaz ceased to be a Director of the Company upon the conclusion of the AGM. Following his retirement, Mr. Maurice de Vaz will also cease to be a member of the Audit Committee, Executive Committee, Nominating Committee and Remuneration Committee.
Tiger Airways Holdings Limited Elects Mr. Sirisena Mervyn as Director
Jul 31 15
Tiger Airways Holdings Limited announce that at the AGM held on 31 July 2015, the shareholders have approved election of Mr. Sirisena Mervyn as Director.
Tiger Airways Holdings Limited Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended June 30, 2015
Jul 21 15
Tiger Airways Holdings Limited reported unaudited consolidated earnings and operating results for the first quarter ended June 30, 2015. For the quarter, the company reported total revenue of SGD 168,300,000 against SGD 171,699,000 a year ago. Operating profit was SGD 552,000 against operating loss of SGD 16,402,000 a year ago. Loss before taxation was SGD 1,632,000 against SGD 67,637,000 a year ago. Loss for the period was SGD 1,680,000 or 0.07 cents per basic and diluted share against SGD 65,222,000 or 5.87 cents per basic and diluted share a year ago. Net cash flows from operating activities were SGD 2,439,000 against SGD 53,421,000 a year ago. Purchase of property, plant and equipment was SGD 2,479,000 against SGD 1,279,000 a year ago. Additions to intangible assets were SGD 1,000 against SGD 19,000 a year ago. The Group's net loss after tax narrowed significantly to SGD 1.7 million, compared to a net loss after tax of SGD 65.2 million for the previous corresponding period. The absence of shutdown costs and losses related to Tigerair Mandala contributed to this improvement in bottom-line.
For the quarter, the company reported passengers booked of 1,284,000 against 1,411,000 a year ago. Revenue passenger-kilometer, RPK (m) was 2,387.7 against 2,608.8 a year ago. Available seat-kilometer ASK (m) was 2,858.9 against 3,080.9 a year ago. Load factor was 83.5% against 84.7% a year ago. Fare per passenger was SGD 100.1 against SGD 93.8 a year ago. Break-even load factor was 85.1% against 93.8% a year ago.