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Tiger Airways shares fall as much as 8 per cent after Q4 results

Published on May 5, 2014 10:21 AM
 
Tiger Airways Holdings Ltd's shares slumped as much as 8 per cent on Monday to their lowest in nearly four weeks, after the company reported a huge increase in its fourth-quarter net loss. -- FILE PHOTO: BLOOMBERG

SINGAPORE (Reuters) - Tiger Airways Holdings Ltd's shares slumped as much as 8 perc ent on Monday to their lowest in nearly four weeks, after the company reported a huge increase in its fourth-quarter net loss.

Tiger Airways shares fell to as low as S$0.4 before recovering slightly to S$0.405.

The budget airline warned on Friday of a bleak outlook and reported a net loss of S$95.5 million for the quarter ended March, up from a loss of S$15.4 million a year ago.

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