wheels_down - there's some hefty losses being charted up on the VA Group Annual Report.
Released today, page 17 of the AR (#19 of the pdf document) shows, despite revenue and income of 543m (an increase of 14% from last year), that tiger made a loss of 24m for FY17.
Head-shaking results really...
Maybe the Bali debacle; the "lack of available simulator time" to train 737 pilots; and the struggles to get the 737 suite of manuals accepted by CASA may've been unforseeable (arguably, terribly mismanaged), but surely they would've been better pumping that spent money into developing tiger based on an A320 fleet? Other LCC seem to successfully use them - AirAsia, Jetstar, easyjet, jetblue...