For clients who are into TigerAir
Highlights
Best Regards
K Ajith
Director- Asia Transport Research
65-65906627
This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.
Highlights
- Earnings were below expectations. While we expected Tigerair to report losses, the actual quantum was double that of our estimates.
- Operating costs were higher than expected due to a 50% rise in maintenance costs in 2Q.
- Tigerair was also impacted by a weaker SGD against the USD, which resulted in a S$6.9m offset.
- The key positive was that ASP growth at 7.6% was stronger than expected.
- We will provide further info, following an analysts briefing.
Best Regards
K Ajith
Director- Asia Transport Research
65-65906627
This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.
