Tiger has just announced they lost an average of A$190,000 per day over the last 3 months in Australia up to 30 June 2011. CASA will not be happy with this revelation.
No they didn't.
They lost $19 million between April-June, $7m of which was the "deferred" tax offset, and they Volcano cost the company over $10m.
If it wasn't for the Volcano or the Tax offset, well then the loss would haven been minimal.