Tiger Airways

Tiger Airways: (The Edge) Analysts note that by June, load factors had improved to 82% and these figures are expected to improve further as the airline expects flights in Australia to return to pre grounding levels as Tiger Aus managed to open its second base of operations in Sydney, while carrier is similarly adding flights from Sydney to Brisbane, Goldcoast and Melborune and Hobart. Lower jet fuel prices, averaging US$122/barrel vs $132 in previous quarter could also help Tiger along. DBSV and OCBC have since upgraded the carrier to Buy from Hold, noting that lower fuel prices and expected improvements in Tiger Airway operations and its associates in Indonesia & Phillipines will see earnings improve, although profitability is only expected b the end of the yr.