<div class=newsTextDataWrapInner><p>SINGAPORE (Oct 23): Tiger Airways Holdings (Tigerair) has reported a $12.8 million loss for 2QFY2016 ended September. The loss was 93% lower than the $182.4 million reported in the year-earlier period.</p></div>

<div class=newsTextDataWrapInner><p>The absence of losses related to divestment of a 40% stake in Tigerair Australia and provision for onerous aircraft leases, contributed to the improvement in the financial performance.</p></div>

<div class=newsTextDataWrapInner><p>Group revenue was up 12.8% at $167.8 million. Yields recorded an improvement of 8.2%, while load factor increased by 1.6 percentage points on the back of higher traffic.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In addition, the group recorded a lease rental income of $5.2 million during the quarter. This was related to the aircraft and engine leasing arrangements with Tigerair Austalia and Tigerair Taiwan.</p></div>

<div class=newsTextDataWrapInner><p>The group says it will capitalise on yield improvement opportunities during the holiday season. The period between October and December is a seasonally peak quarter.</p></div>

<div class=newsTextDataWrapInner><p>New services to Lucknow and a return of services to Lijiang, are scheduled before the end of the year.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Tigerair shares closed 1.6% lower at 30.5 cents on Thursday.</p></div>


SINGAPORE (Oct 23): Tiger Airways Holdings (Tigerair) has reported a $12.8 million loss for 2QFY2016 ended September. The loss was 93% lower than the $182.4 million reported in the year-earlier period.

The absence of losses related to divestment of a 40% stake in Tigerair Australia and ...

Tigerair narrows 2Q losses by 93% to $12.8 million

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<p>Most Asian shares were set for declines on Tuesday, after Wall Street stocks took a breather having notching their longest weekly rally this year.</p>

<p>Futures for benchmarks in Hong Kong, Shanghai and Sydney pointed to losses, though Tokyo shares were heading for small gains. That’s after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs. The S&amp;P 500 fell 0.2%, with all of its major groups but technology pushing lower. The Dow Jones Industrial Average slid 0.8%.</p>


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<p>European natural gas prices surged to €40 (RM186) per megawatt-hour as tensions in the Middle East generated a fresh wave of market volatility.</p>

<p>Benchmark futures settled 2.1% higher on Monday, following gains for oil and offsetting last&nbsp;Friday’s losses. Markets are bracing for a possible escalation in hostilities between Israel and Iran that could spark a wider regional conflict, potentially affecting supplies of the heating fuel.</p>


<p>Stocks took a breather after notching their longest weekly rally this year, with traders gearing up for key earnings reports from Tesla Inc&nbsp;to Boeing Co&nbsp;and United Parcel Service Inc.</p>

<p>Following a relentless advance to all-time highs, equities dropped from nearly overbought levels. In another sign of how greed has trumped fear, the S&amp;P 500 hasn’t suffered back-to-back losses in about 30 sessions. While a month with no consecutive down days may not sound like much, the current streak ranks among the very best since 1928, according to data compiled by SentimenTrader.</p>


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<p>Great Eastern now has till Jan 24, 2025&nbsp;to comply with the free float rule. The extension was announced on Monday, two days before the company’s previous deadline of Oct 23.</p>


<p>The current status of the government's efforts to eradicate extreme poverty and the mechanisms used to determine the categories are among the highlights of Tuesday's Dewan Rakyat session.</p>
