Tigerair Australia sees ‘significant improvement’ in H1FY2018/2019, fleet transition progressing

    Virgin Australia noted (13-Feb-2019) a “significant improvement” in Tigerair Australia EBITDA in H1FY2018/2019, increasing 135.3% year-on-year to AUD12 million (USD8.5 million). Tigerair Australia reported yield increased 14.2% and RASK increased 13.0%. Segment EBIT of negative AUD8 million (USD5.7 million) was impacted by fleet transition from A320 to Boeing 737 equipment, however Virgin noted the transition is “progressing” to an all 737 platform, supported by Virgin maintenance capability to improve future fleet performance. Virgin Australia Group MD and CEO John Borghetti said the carrier is continuing to restructure and improve fleet utilisation, and demonstrating a “disciplined approach to capacity management”.