, Australia

How did Tiger rack up $74 million of losses in Australia?

It is a stunning figure only revealed yesterday, and brings in to question the strategy and even viability of its operations downunder.

The airline lost $6.8 million in 2011 and has lost every year since starting in 2007. There is plenty of blame to go around, from higher operating costs to a more competitive environment.

And it hasn’t been easy down under. The airline was recently rapped over the knucks by the Aussie regulator and given a notice to show cause why it should be allowed to continue to fly.

For the full report on Tigers woes read this story here.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley