Advertisement

Tiger International Inc.’s net income rose 185%...

Share

Tiger International Inc.’s net income rose 185% to $13.7 million in its first quarter, compared to $4.8 million for the year-ago period. The Los Angeles firm is the holding company for Flying Tiger Line Inc., its principal subsidiary that operates air cargo transport and trucking systems. Flying Tiger Line had a record pretax profit of $21.6 million in the quarter, compared to a pretax profit of $13 million in the like period last year. The company attributed its performance to strong growth in all its foreign and domestic markets, expanded geographical coverage and additional capacity from six DC-8 aircraft and one B-747 aircraft added to its fleet last year.

Advertisement