At one stage after it started flying Australian domestic routes in 2007, Tiger Australia got within $500,000 of making a full-year profit, but in the December quarter last year it lost $10 million - or more than $100,000 a day. Its accumulated Australian losses are now $216 million, roughly the same annualised losses as the red ink that is still flowing.
Read more: http://www.smh.com.au/travel/blogs/...n-australia-20130204-2dtiw.html#ixzz2JyEq2Ceg
Read more: http://www.smh.com.au/travel/blogs/...n-australia-20130204-2dtiw.html#ixzz2JyEq2Ceg