Tiger Airways posts strong operating numbers in April

Mainboard-listed low-cost carrier Tiger Airways has announced strong operating numbers for the month of April. Total passenger volume was a record 5.03 million people, up 54 per cent on year. The average load factor — the percentage of seats sold — increased 6 percentage points to 85 per cent.

Tiger Group chief executive Tony Davis said the numbers clearly show that the carrier is attracting more passengers with its low fares. Going forward, Tiger Airways will set up a third Australian base at Avalon Airport in Victoria and fly to more destinations within Greater China, India and Australia.

WHY  dOn't  repOrt  prOfits  iNSTEAD ? ? ? ?

$2 coming?      Their GM said $2 is 12 mths to 24mths tartet.           If it is so,  i will laugh and roll at the casinos       hahaha!

Laughing out loud rolling on the floor :)

Ok , Sir Gurusamygopal,

I wont listen to citigroup or DBS, i listen to you! 

TIGER AIRWAYS HOLDINGS LIMITED
Operating Results

Operating Statistics: 12 mths yoy
Passengers            12mths to Mar'10   4,872,000    vs    12mths to Mar'09    3,167,000   +54% (^.^  )(  ^.^)(^.^  )
Load factor (%)     12mths to Mar'10       85%        vs     12mths to Mar'09      79%         +6 ppt (^.^  )(  ^.^) (^.^  )

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3296AC440D5D348F48257704002100C0/$file/MediaRelease_13_04_10.pdf?openelement

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Operating Statistics: March 2010
Passengers             Mar2010   488,000    vs    Mar2009    324,000     +51%      (^.^  )
Load factor (%)      Mar2010       84%     vs     Mar2009      81%        +3 ppt      (^.^  )

Operating Statistics: February 2010
Passengers             Feb2010   437,000    vs    Feb2009    230,000     +90%      (^.^  )
Load factor (%)      Feb2010       85%     vs     Feb2009      79%        +6 ppt      (^.^  )

Operating Statistics: January 2010
Passengers              Jan2010   428,000    vs    Jan2009    279,000     +53%        (^.^  )
Load factor (%)       Jan2010       86%     vs     Jan2009      74%        +12 ppt      (^.^  )

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Dont follow citigroup said dbs group said  main thing wheather this tiger can make profit.main thing oil price going up may it reach 90 dollor barrel soon  then tiger fly with budjet price . already budjet airways like Airasia, cebu,garuda,jal,jetstar,china easten,air india,quantas, all these air lines past and present ruuning with out profit.Now tiger airways flight are new four to five year old.Think about it .

EXAMPLE: Nol losss more than S$ 1billion even though company having future in transport.What ciiti group said and barclay said one fellow said it go to S$1.20 another fellow said S$2.00. All it share price rose on future demand and fundmanager power. and rumer

des khor

citigroup's executives can only afford budget airlines.  May be Tiger give them buy one get one free type of freebies and thats why they raise TP to $2.40.....hahaha!

Wow! pharoah88-Elite you are so keen! really Citibank just buy up 2,000,000 shares today.  ('o'  )('o'  )('o'  )!!!

 

1.

Date of notice to issuer *

08-04-2010

 

2.

Name of Director *

Anthony Alfred Peter Davis

 

3.	Please tick one or more appropriate box(es): *
	Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

 

 

>> PART II

 

1.

Date of change of Interest

08-04-2010

 

2.

Name of Registered Holder

Citibank Consumer Nominee Pte Ltd

 

3.	Circumstance(s) giving rise to the interest or change in interest	Exercise of Share Options/Convertibles
	# Please specify details

 

4.	Information relating to shares held in the name of the Registered Holder
	No. of Shares held before the change 1,948,410   As a percentage of issued share capital 0.37 %   No. of Shares which are subject of this notice 2,000,000   As a percentage of issued share capital 0.38 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.08     No. of Shares held after the change 3,948,410   As a percentage of issued share capital 0.74 %

 

 

>> PART III

 

1.

Date of change of [Select Option]

 

2.

The change in the percentage level

From % To %

 

3.	Circumstance(s) giving rise to the interest or change in interest	[Select Option]
	# Please specify details

 

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

 

 

>> PART IV

 

1.	Holdings of Director , including direct and deemed interest :

 

	Direct	Deemed
No. of shares held before the change	1,948,410	0
As a percentage of issued share capital	0.37 %	0 %
No. of shares held after the change	3,948,410	0
As a percentage of issued share capital	0.74 %	0 %

 

Footnotes

i) The percentage figures before the change are calculated based on an issued share capital of 525,743,920 as at 28 January 2010. ii) The percentage figures after the change are calculated based on an issued share capital of 533,067,655 as at 8 April 2010. iii) Following the above-mentioned exercise of options, Mr Davis holds 3,906,070 Remaining Options in the Company. The initial public offering of the Company was sponsored by Citigroup Global Markets Singapore Pte. Ltd. and Morgan Stanley Asia (Singapore) Pte. (the ‘Joint Issue Managers’). The Joint Issue Managers assume no responsibility for the contents of this announcement.

pharoah88      ( Date: 12-Apr-2010 16:39) Posted: Citi Group  buying  TiGER  Airway? tradersgx      ( Date: 09-Apr-2010 12:27) Posted: Tiger Airways target raised to $2.40 by Citigroup  ('o'  ) Written by The Edge     Friday, 09 April 2010 09:55  Citigroup has raised Tiger Airways (J7X.SG) target price to $2.40 from $2.00, based on 10x EV/EBITDA, after increasing FY11-12 earnings forecasts by 21%-25%, says Dow Jones. “We expect passenger yields to surprise on the upside given strong ticket demand and healthy forward bookings,” says Citigroup. The brokerage research house of the investment bank has tipped short-term opportunity for low-cost carriers in general to raise yields: “The higher ticket prices charged by full-service carriers may widen the pricing gap between low-cost carriers and full-service carriers, and coupled with strong forward bookings, low-cost carriers may be able to charge higher ticket prices.” Keeps “buy” call.

...no info abt it...... only know the Major investors

Shareholders in Tiger Airways

The analyst know that got big shot government investors mah, so raise target price.  

Citigroup share still stays at US$ 4 plus, very lousy perfomance. Am hoping they drop like nobody business ($1 or $2) then buy them.