, Singapore

Tigerair's staff costs edged up 5% to $129m

It's a chunky 45% of operating costs.

According to CIMB, 1Q14 revenue remained stable (-3.7% yoy, +3.4% qoq) at S$289m. EBITDA margin dipped from 14% in 4Q13 to 12.9% from higher other operating expenses (+60%) in the absence of provision write-backs and forex gain.

"Staff costs inched up by 5% yoy to S$129m, or 45% of its operating costs (1Q13: 41% of opex). We believe staff costs could continue to make up about 44-45% of its opex going forward (
historically 40-41%) given the inherent nature of rising costs in Singapore," CIMB said.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.