The total loss from Tiger Australia from March 2008-March 2009 was $S50.1million. Tiger Singapore posted a $S12.2 profit which just funded the loss from the Australian subsidiary, as well as funds from Cash reserves which they stripped S15.8Million from.

By the way, the first article was written by analysts predicting the outcome before it was announced (today).

Read this: http://www.centreforaviation.com/new...eak-down/page1