Tigerair Taiwan reported record quarterly earnings as post-pandemic travel demand surged, particularly on routes to Japan and South Korea. The budget carrier’s third-quarter net income jumped 63% to NT$942 million (US$29.3 million), while revenue climbed 23.7% to NT$4.42 billion.
The airline, preparing for its main board listing this month, saw its earnings per share reach NT$2.1 in the quarter. For the first nine months, net profit nearly doubled to NT$2.48 billion on revenue of NT$12.64 billion, despite currency headwinds from a weaker Taiwan dollar.
Strong advance bookings for winter tourism, including Japanese maple viewing and Korean ski seasons, signal robust demand ahead. The carrier’s operating margin expanded to 26% as it added new routes and destinations.
Tigerair Taiwan plans to conduct its public share offering in November, with trading expected to commence within a month, according to market analysts. The company will hold an investor conference on November 5 ahead of the listing.
The results highlight the broader recovery in Asian aviation, though rising fuel costs and regional competition could pressure margins in coming quarters.
