Tiger Airways shares slump on widening losses
Tiger Airways has been hurt by growing competition in the low-cost travel market. (5 May) Shares in Singapore-based budget carrier Tiger Airways slumped by as much as 8%, to a one-month low, after it posted widening losses. The firm saw its losses rise to $96m Singapore dollars ($76m; £45m) in the January-to-March quarter,...
Thai PM sacked after Consitutional Court ruling
Thai Prime Minister, Yingluck Shinawatra, leaves the Constitutional Court in Bangkok, Thailand on May 6, 2014. The court said the ruling invalidated Yingluck’s ministerial status, creating doubt about her caretaker government’s ability to continue until an election the Election Commission has agreed to hold July 20. (7 May)...
Battered Tiger Airways replaces CEO with SIA executive
Tiger Airways reported a net loss of S$95.5 million in 1Q2014. (7 May, Reuters) - Singapore's Tiger Airways Holdings Ltd (TAHL.SI) said it would be replacing its CEO with an executive from its largest shareholder, Singapore Airlines Ltd (SIAL.SI), days after the budget carrier reported a big widening in its losses. Lee Lik Hsin,...
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