TigerAir could clip wings of Tigerair Mandala due to losses

To prevent a third straight year of loss, says Reuters.

According to a report by Reuters, Singapore's Tiger Airways Holdings Ltd may be forced out of Indonesia, Southeast Asia's biggest domestic airline market, as its unprofitable joint venture is squeezed out of routes dominated by big-spending local carriers.

Tiger might sell or close Tigerair Mandala in the absence of any signs of the airline turning around this year, such as a significant reduction of losses, people familiar with the matter told Reuters.

Tiger has been streamlining its business to prevent a third straight year of loss, with its latest move being the January sale of Tigerair Philippines in a market where a sharp increase in available seats pushed down ticket prices.

Read full report here.