TOTALLY PANNED OUT AS I PREDICTED in NOV'2015 where I wrote:
"While on one hand, Tiger is still not showing profits, they are definitely narrowing on the losses.....I am confident (as SIA is too) that Tiger will be able to show profit in the near future. So there is no better timing to offer a buyout as now."
Latest profit announcement by Tiger Airways:
SINGAPORE: Budget carrier Tiger Airways on Friday (Jan 22) posted a net profit of S$6.8 million for the three months to Dec 31, 2015, in a sign that business is turning around.
"While on one hand, Tiger is still not showing profits, they are definitely narrowing on the losses.....I am confident (as SIA is too) that Tiger will be able to show profit in the near future. So there is no better timing to offer a buyout as now."
Latest profit announcement by Tiger Airways:
SINGAPORE: Budget carrier Tiger Airways on Friday (Jan 22) posted a net profit of S$6.8 million for the three months to Dec 31, 2015, in a sign that business is turning around.
The net profit for the fiscal third quarter was a marked improvement over the S$2.2 million earned a year ago. It also marked a reversal of the S$12.8 million net loss reported for the second quarter ended Sep 30.