Tiger Air: resumption of its suspended Australian flights have been delayed yet again, as the court proceedings brought by the Civil Aviation Safety Authority of Australia have been postponed to 5 Aug.
There is still a lack of visibility as to when Tiger will resume its flights in Australia. Mgt previously tipped lost sales to be ~$2m/wk.
The stock closed down 3.8% yday, and has returned below the $1.19 support. The key indicators have hooked downward suggesting possible near term weakness. Next support at all time low of $0.98.
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