Monday, May 13, 2013

Tiger Airways passenger numbers increase 37 per cent in April


Tiger Airways saw a 37.1 per cent surge in passengers booked to 639,000 for the month of April, partly due to an improved performance in its operations down under.

"(Tiger Australia) was operating at a significantly reduced capacity and on a limited schedule a year ago," the budget carrier said on Friday.

The carrier had scaled back domestic services in Australia following a six-week grounding in 2011, after the Australian Civil Aviation Safety Authority cited safety concerns. Tiger has since started to rebuild its network in Australia.

Passenger traffic for the group overall was up 33.3 per cent at one billion revenue passenger-kilometres (RPK) in April, while capacity went up 32.8 per cent to 1.21 billion available seat-kilometres (ASK).

Passenger load factor was nearly flat, edging up 0.3 percentage point to 83 per cent.

Meanwhile, Tiger Singapore carried 378,000 passengers, up 14.2 per cent year-on-year.

Passenger traffic increased 20.7 per cent to 712 million RPK, against a 26.5 per cent bump in capacity to 879 million ASK.

This caused passenger load factor to slip 3.9 percentage points to 81 per cent.

Tiger Australia's passenger numbers surged 93.3 per cent to 261,000 and passenger load factor rose 12.5 percentage points to 88.4 per cent for April.

Passenger traffic climbed 77.8 per cent to 297 million RPK while capacity went up 52.7 per cent from the corresponding month a year ago to 336 million ASK.

Shares in Tiger closed at 66 cents on Friday,   down half a cent. 

SOURCE

Numbers looking good on the low cost carrier and capacity is increasing constantly.


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