TIGER AIRWAYS UP ON PASSENGER GROWTH
Budget carrier Tiger Airways Holdings Ltd rose as much as 2.8 percent in a flat market after it posted stronger growth in passengers it carried last month and higher load factor.
By 0235 GMT, Tiger shares were up 2.1 percent at S$0.735, while the Straits Times Index was unchanged. Tiger has risen 15.7 percent so far this year, compared to Thomson Reuters Asia Pacific and Russia Airline Services Index's 6 percent drop.
Tiger said it carried 556,000 passengers in August, up 62 percent from a year ago. It reported a passenger load factor of 84 percent, higher than 77 percent last year.
Tiger's Singapore operations carried 19 percent more passengers in August compared to a year earlier, due to an expanded capacity base. Its Australian operations also continued to show encouraging signs, said DBS Vickers in a report.
11/09/2012 : Reuters US.
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