Tiger Airways operations in both Asia and Australia have seen significant growth in passengers, aircraft and routes in the fourth quarter of the financial year (FY) that ended on 31 March 2009.
Key highlights for that fourth quarter included:a capacity rise of 11.4% in Q4 with the delivery of two A319s and one A320 taking the group fleet to 16 aircraft located at three operating bases (10 aircraft in Singapore, four in Melbourne and two in Adelaide); new routes launched in Q4 included Singapore–Jakarta and Singapore–Kota Kinabalu and five new domestic Australian routes which were launched as a new base became operational in Adelaide, South Australia; passenger numbers increased by 7.6% in Q408-09 compared with Q407-08; average sector length decreased by 12.2% versus same period last year with additional access to short-haul destinations in Malaysia; load factor year-on-year performance was down slightly by 2.7 points following significant increase in capacity; and full year passenger growth for the year was 42.4% at 3.2 million passengers.
Tony Davis, group CEO and president of Tiger Aviation commented, “Tiger Airways is delighted to be bucking the industry trend being repeated by legacy airlines around the world of doom and gloom. Not only have we seen strong consumer demand for our existing seat capacity and network, our low-fare business model has meant that we have been able to continue to increase our fleet and network as other airlines park planes and cut capacity.
“In these uncertain times Tiger Airways is reaping the benefits of building a solid and sustainable platform for its business in Asia and Australia," Davis added. "As a result I am delighted that Tiger Airways is in an enviable position of being able to continue to grow the number of aircraft that we operate, the network of destinations that we serve and we continue to grow our passenger numbers. Our analysis suggests that consumer demand for low-fare air services, such as those offered by Tiger Airways, remains strong and when combined with the recent significant drop in oil prices presents opportunities for continued strong growth in capacity throughout 2009-10.”
Tiger Airways is now actively looking to accelerate aircraft deliveries over the next three years in order to maintain a strong capacity growth rate in both its Singapore hub and Australia. The compounded annual growth rate for the Tiger Airways group since 1 April 2005 now stands at 56%.
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