Tigerair’s net loss soared 18.5% to $264m in FY15

Altered accounting policies are to blame.

Tigerair’s net loss grew 18.5% to $264m in FY15, dragged mainly by a series of changes to its accounting policies.

These changes include an increase in maintenance charges of $12.8m, as well as additional aircraft depreciation charges of $14.3m.

The group also reported that its Q4 results sank back into the red after the group managed to turn in a profit in the third quarter.

Tigerair booked a net loss of $18.8m in Q4, down 80.3% year-on-year compared to a net loss of $95.5m in the same period last year.

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