Published:
Tigerair’s net loss soared 18.5% to $264m in FY15
Altered accounting policies are to blame.
Tigerair’s net loss grew 18.5% to $264m in FY15, dragged mainly by a series of changes to its accounting policies.
These changes include an increase in maintenance charges of $12.8m, as well as additional aircraft depreciation charges of $14.3m.
The group also reported that its Q4 results sank back into the red after the group managed to turn in a profit in the third quarter.
Tigerair booked a net loss of $18.8m in Q4, down 80.3% year-on-year compared to a net loss of $95.5m in the same period last year.
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