Discount carrier Tiger Australia reported a quarterly operating loss of $S15.1 million ($A12.4 million) because of higher operational costs, despite almost doubling its revenue.
The loss was narrower than the $S17.7 million loss for the quarter to March 31 in 2012 but the airline reported that higher costs of operations, up 51.8 per cent to $S86.2 million, due to increased capacity, resulted in the latest loss.
Revenue rose 82 per cent to $71.1 million, in line with a 77.5 per cent growth in traffic and 2.5 per cent growth in revenue per seat.
Passenger loads rose by 4.2 percentage points to 85.6 per cent despite a 68.8 per cent increase in capacity following the launch of new routes from the two bases in Melbourne and Sydney.
However, Tiger Australia expects to be better positioned to tap opportunities for further expansion in terms of network and market reach following the ownership tie-up with Virgin Australia.
Virgin's 60 per cent purchase of Tiger Australia from Tiger's Singapore-based parent is expected to be completed by mid July.
The new ownership structure is expected to create operating synergies and better cost efficiencies for Tiger Australia, the discount airline said in a statement late on Friday.
Tiger Airways Holdings - the parent company based in Singapore - reported an operating profit of $S12.7 million for the quarter, a turnaround from the operating loss of $S17.2 million in the previous corresponding period, on the back of a 49.4 per cent jump in group revenue to $S240.6 million.