I wouldn't say they are Tiger are to withdraw from the Domestic market, financial goals and targets have improved quite significantly. Losses amounted to 4million in the last six months vs 25million the previous year. Cost base is nearly lower than AirAsia, and once more aircraft arrive this will continue to fall and work to their advantage. Also read this statement:
"Tiger's consolidated unit cost per ASK (available seat kilometre) came to 4.7 US cents for FY2009, just above AirAsia’s 3.8 US cents, and better than Ryanair’s five US cents. This fell further to four US cents during the first half of the current financial year. In fact, its cost per seat (ex-fuel) has fallen steadily from US$44 for FY2008, to US$40.3 for FY2009 to US$32.7 during the first half. The airline also boasts a much leaner staffing, with just 33 employees per aircraft, versus 77 for AirAsia and 65 for Jetstar"
I agree in that Tiger Australia has many similarities to Skybus, although Tiger has posted profits and does has the Singapore operation as well as Australia. And to further what
windytown said, Tiger has a better chance of crippling in 2008 than now. The shareholders stated they wanted the reins of the Australian domestic market, fair enough, BUT it was who they put in charge that destroyed Tiger and that has effected the entire group. He is obviously no longer with the airline anymore but cost the airline millions that was then left to Shelley Roberts to deal with. $20 million has been spent on getting staff numbers back up to a decent level to avoid piles of flights being canceled, stranding people, putting them up in Hotels all costing them millions again, all thanks to that arsehole.. It all leads back to the disastrous image they have right now, if they operated with integrity and didn't screw their employees, well then they wouldn't be such a bad position right now. It could be fair to say that they
still screw around their cabin crew, but not to the extent back in 2008.
Putting that aside, they need to pay deposits for $800 million in 2 years, whilst floating in debt and no real big profit being estimated. Its going to be an interesting run.
Well, they say its the year of the Tiger after all
