#1
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Tiger Australian Operations post $22M Loss
Surprised this hasnt been posted before now.
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#2
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The Singapore operations arent making any money either.
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#3
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Why do these two posts contradic each other and why does the thread title say the Australian Ops lost $22m when it was the parent company?
Read the first line of the first article and it says the PARENT company of Tiger Australia lost $S22", I repeat the PARENT company not the Aus operations of said company. Then the 2nd article says the loss was $50m (not sure SIN or AUD), but goes on to say the Aus operations lost $15.8m AUD. |
#4
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Unsure Ash but it paints a pretty clear picture that Tiger Airways is running out of cash at a very fast rate.
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#5
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The total loss from Tiger Australia from March 2008-March 2009 was $S50.1million. Tiger Singapore posted a $S12.2 profit which just funded the loss from the Australian subsidiary, as well as funds from Cash reserves which they stripped S15.8Million from.
By the way, the first article was written by analysts predicting the outcome before it was announced (today). Read this: http://www.centreforaviation.com/new...eak-down/page1 |
#6
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Hate to be cold and hard, but as a Brisbane based travel agent (and my wife having flown on them), the market image I perceive of Tiger right now is of absolute **** (oh, that's probably the airline AND the golfer )
My customers quite consistenly avoid them like the plague - and we do get loads of domestic customers as we charge no service fees. Even Air Asia gets a far, far better customer rap than Tiger right now. If they want to shape up in Australia, they will have to start trying to "humanise" their approach to customer service, especially to u/s flights and other problem solving & handling. And weighing & charging extra for peoples' hand luggage?... I took 30 flights with Ryanair from 2006-2008, and that never happened once. So I wish them all the best. In saying that, Qantas copped a SEVERE bashing in an online SMH blog forum over the last few days - over customer service and many other issues. Looks like the love affair with airlines is well and truly over time for people to set some realistic expectations me thinks
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Next Trips: Feb BNE-CBR-BNE, QF 18May BNE-DPS-KUL-PEN-SIN-BNE, VA/AirAsia/QF 05Oct BNE-YVR-PDX-YVR-BNE, AC |
#7
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So with $13.5M in cash reserves whats does that give the whole operation to last four months maybe???
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#8
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