Tigerair Taiwan reported a 23.7% year-over-year increase in third-quarter revenue, reaching a record NT$4.42 billion (US$137 million). The low-cost carrier benefited from robust regional travel demand during the summer vacation period.
September revenue hit NT$1.26 billion (US$39 million), up 17.8% from the previous year, despite a 17.45% month-over-month decrease. The company’s third-quarter flight operations expanded by 18.7% compared to last year, with an average passenger load factor of 85%.
Passenger revenue for the quarter climbed 23.2% to NT$4.27 billion (US$132 million), setting another quarterly record. The airline’s net profit after tax for the first seven months of 2024 has already surpassed its full-year 2023 results.
Looking ahead, Tigerair Taiwan plans to capitalize on upcoming travel seasons by launching new routes from Kaohsiung to Phu Quoc Island and Okayama, as well as from Taoyuan to Miyazaki.
The carrier is poised for a public listing on Taiwan’s general board, with underwriting operations expected to begin in mid-November. Analysts anticipate the listing to occur around November 16, marking a significant milestone for the expanding airline.
