Tiger Airways is the first to announce its quarterly (courtesy from TheEdge Singapore). Although quarterly results is not an important thing, the long haul business perspective is more important, one can get a hang of what the regional airlines are performing. This could provide a gauge of what could be in store for Airasia and Airasia X.
On comparison perspective, Tiger Airways is valued at SGD824 million (RM2.293 billion), not too far from Airasia ya which is around RM3.7 billion. Which is a much bigger airline and on a more important note, what has Airasia achieved against Tiger. Airasia now is below NTA. Tiger is around 3x NTA.
No comments:
Post a Comment