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Tigerair Taiwan reports 124% increase in operating profit in first quarter 2024
Tigerair Taiwan has announced its overall revenue for the first three months of the year improved to TW$4.25 billion (US$131.24 million), a 64% year-on-year increase, and added its operating profit was TW$1.24 billion, 124% higher than in the same quarter in 2023. Read More » Additionally, for the five months to May 31, revenue was up 50% year-on-year, it said. “Based on this trend, the full-year profit is expected to significantly exceed last year's expectations,” Tigerair Taiwan chairman, Chen Han-ming, told shareholders at a meeting on June 19. The China Airlines LCC will launch Taichung-Nagoya, Taichung-Tokyo Narita and Taichung-Busan next month, increasing its network to 38 routes.
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