Long-overdue financial reports show Tiger Airways Australia was only able to declare a profit last year by claiming a tax credit it has since written off. Since it began Australian operations in 2007, the airline has run up losses totalling more than $74million.
Combine this with CASA chasing them for not doing propper maintenance on their planes and that show on TV, I can't understand why anyone would fly with them at all.
VBA Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held