Tiger Airways reported net income of S$28.2 million ($37.7 million) for its fiscal year ended March 31, reversed from a S$50.8 million net loss in the prior year.
Underlying operating profit, which excludes fuel-hedging losses of S$21.7 million and IPO-related expenses, was S$49.7 million, turned around from a S$30.2 million operating deficit in the previous year. Revenue lifted 28.6% to S$486.2 million.
