I think that should have been trillion rupiah, not billion.
TigerAir have previously forecast (Apr 2013) expected losses of SD$30-35 million from TigerAir Mandala in FY14 and FY15.
With Mandala being only 1 of 10 regional operators in Indonesia, sharing 8% of the LCC market, anyone who expects Mandala to have a gloriously profitable future is living in la-la land.
The only question that remains is just how deep the pockets are of the TigerAir owners and financiers.
Every major carrier is losing money in the current low-cost shambles that pervades the airline market at present.
Mandalas future is only guaranteed as long as TigerAir is prepared to keep pouring money into a black hole until they give up.
2014 will be the year of make-or-break for many carriers - and many large ones at that.
Tigerair 2014 outlook gloomy following 3QFY2014 loss. Is there a silver lining in 2015? | CAPA - Centre for Aviation