Tiger Australia loses $20m in Q2
TIGER Airways says it is unable to be profitable in Australia when limited to just 22 daily flights a day, under restrictions imposed after the forced grounding of the airline's fleet earlier this year.
Singapore-based Tiger said its Australian flying business suffered a $S27.2 million ($A20.70 million) operating loss in the three months to September 30, a substantial deterioration from the $S600,000 loss in the prior corresponding period.
The Civil Aviation Safety Authority (CASA) grounded Tiger's Australian fleet of 10 Airbus A320s on July 2, saying at the time it believed permitting the airline to continue flying posed a serious and imminent risk to air safety.
CASA cleared Tiger to resume flying on August 2, albeit on a restricted schedule.
Tiger Airways chief executive Chin Yao Seng said the airline had applied to CASA to lift the maximum number of flights it can operate each day, with a decision expected in a couple of weeks.