Tiger Aviation has reported a strong passenger growth of 50.4% for the three months ending 31 December 2008 compared to the same period in 2007, as well as a 53.4% increase in seat capacity.
Tony Davis, President and CEO of Tiger Aviation said: “2008 proved to be a difficult trading year for airlines across the globe as firstly high oil prices and more latterly economic conditions rapidly deteriorated. Tiger Airways is bucking the trend by delivering strong year on year growth of more than 50% for the last quarter, as passengers seek out lower fares across Asia and Australia.”
During the last quarter Tiger Airways benefited from increased liberalization in Asia with additional services being added to the long protected Singapore - Kuala Lumpur route as well as being granted traffic rights to both Kuching and Kota Kinabalu.
“Aviation is an ever changing landscape, but even with the challenging global market conditions we remain confident about the long term. We continue to see strong demand for our low fares and we are committed to continued growth as we expand our operations in both Australia and Singapore.” Davis added.