Tiger Airways announces record-breaking Q3
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Singapore, 1 February 2010. Tiger Airways Holdings today announced strong growth in passenger volumes and load factors for the quarter ending 31 December 2009.
The number of passengers who flew on Tiger Airways services in Asia and Australia during October, November and December 2009 increased sharply by 55%, 59% and 48% respectively over the corresponding months in 2008.
Total passenger volume from October to December 2009 was a record 1.30 million people, the 21st straight quarter of annual passenger growth.
In December 2009, the Group also recorded its single strongest month of passenger carriage since commencing operations.
Load factor - the percentage of seats sold - was also robust across both airlines. The average network wide load factor for October, November and December 2009 increased to 86%, 87% and 90% respectively, an increase of between 3 to 7 percentage points over the corresponding months of 2008.
Tony Davis, President and Group CEO, said, “We are extremely pleased with our continued growth and robust performance during the third quarter of our financial year. Our proven ability to offer attractive fares across our extensive network, shows that we are providing customers with what they really want – low, low fares.
“We are committed to reducing our operating costs even further, in order to maintain our price leadership. For instance, later this year we will be introducing leather seats in our aircraft. These seats save us costs as they are cheaper to maintain and last longer, at the same time giving customers greater comfort. This cost-saving, great value feature will be introduced on all new aircraft that are due for delivery after February this year,” said Tony Davis.
Tiger Airways Holdings will henceforth release monthly operating statistics in a similar format to this release. As previously advised to the Singapore Exchange, Quarterly results for the period ending 31 December 2009, will be released on or before 16 March 2010.
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