Stock Name: TigerAir
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
DMG & Partners Research in an Oct 13 research report says: "Tiger Airways has issued a corrective email notice to clients after being ordered to do so by the Australian Competition and Consumer Comission (ACCC).
"This latest incident is yet another thrust into the negative limelight in Australia where the LCC is struggling to regain customer confidence. The airline just reported its operating statistics for the month of September 2011, which saw a 15% y-o-y fall in number of passengers carried to 395,000 from 464,000 a year ago.
"Average load factors have fallen by 9ppt y-o-y to 78%. This was attributed in large part to its restricted Aussie operations at 22 sectors per day, a far cry from its previous 60 sectors per day pre-grounding. Target price of 62 cents. MAINTAIN SELL."
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
| Research House: DMG | Price Call: SELL | Target Price: 0.62 |
DMG & Partners Research in an Oct 13 research report says: "Tiger Airways has issued a corrective email notice to clients after being ordered to do so by the Australian Competition and Consumer Comission (ACCC).
"This latest incident is yet another thrust into the negative limelight in Australia where the LCC is struggling to regain customer confidence. The airline just reported its operating statistics for the month of September 2011, which saw a 15% y-o-y fall in number of passengers carried to 395,000 from 464,000 a year ago.
"Average load factors have fallen by 9ppt y-o-y to 78%. This was attributed in large part to its restricted Aussie operations at 22 sectors per day, a far cry from its previous 60 sectors per day pre-grounding. Target price of 62 cents. MAINTAIN SELL."
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