Tiger is planning to expand its fleet in Australia to 12 by the financial year-end, the statement said.
"We managed to get our cost down at the same time, so we are in a good position right now," Davis said.
Keeping Fares Low
The low-cost carrier, which is 34.4 percent owned by Singapore Airlines, said it aimed to boost ancillary revenues while keeping fares low.
"If you think about other industries like cinemas, most of their profit margins come from the softdrinks and popcorn they sell...not their ticket price," Davis said.
"What we are trying to do is push our entry prices lowest possible - get people through the door, make the admission price affordable to as many people here in Asia," he added.
"If we keep making the tickets more affordable, the sky is the limit," he said.
Tiger shares rose 2.7 percent to S$1.93 on Wednesday.