JAKARTA (Yosefardi) – Tigerair Mandala, an airline controlled by Saratoga Capital and Tiger Airways Holdings Ltd, decided to close 11 flight routes (suspension) due to a jump in operating cost, Investor Daily reported this morning.
The increased avtur price and the weakening of rupiah against the US Dollar had boosted the operating cost for the airline. This issue would boost operating cost by 60-70% this year, an official said.
For the 12 months to November 2013, Tigerair Mandala recorded a 570.0% y-o-y increase in traffic to 2.4 billion RPK, while capacity increased by 500.2% to 3.2 billion ASK.
Consequently, passenger load factor was 7.9 percentage points higher at 75.5%. The number of passengers carried grew by 556.1% to 1.8 million, compared to 278,000 in the previous period.
For the month of November 2013, Tigerair Mandala recorded a 344.8% y-o-y increase in traffic to 258 million RPK, while capacity increased by 298.9% to 359 million ASK.
Consequently, y-o-y passenger load factor improved by 7.5 percentage points to 71.9%. The number of passengers carried grew by 343.9% y-o-y to 182,000.