Gaining wind: TigerAir seats more passengers this quarter

But a recovery story is not yet in sight.

Tiger Airways’ operations improved on the back of peak travel period and active capacity management - passenger load factor (PLF) gradually increased 7 percentage points from 79.2% in March to 86.3% in June.

According to report by OCBC, improved PLF year-on-year can be sustained for TigerAir Singapore in the coming fiscal year.

OCBC cautions that the improvement will only help TR’s performance to bottom out but still insufficient for a turnaround. Though fleet expansion is moderated, SE Asia’s LCC fleet is still projected to grow by a high 17% in 2014.

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