Sunday, May 13, 2018

Air India records 20% growth in revenue

New Delhi: Air India has recorded a 20 per cent growth in revenue in March-April 2018 and has embarked on a route analysis exercise, focussing on increasing flying hours of each of its aircraft, to add more trips, the airlines chairman-cum-managing director, Pradeep Singh Kharola, said.

The airline is focussing on improving the operational efficiency both in the domestic and international sectors even as it is buoyed over the load factor, on time performance and revenue growth, Kharola told PTI.

"During March-April, the revenue has increased by about 20 per cent as compared to the same period last year at roughly about Rs 3,000 crore, though expenses continue to remain high," he said, adding that the airline has benefitted from the overall growth in the aviation market.

He pinned high hopes on international routes, generating 70 per cent of Air Indias total revenue, stating that the new destinations such as Tel Aviv is giving good returns to the carrier.

The increase of frequency to the San Francisco route to nine days a week is expected to give the airline Rs 90 crore a month.

"We are focussing on improving on the operational efficiency. We are doing our route analysis and all, finding out which are the more yielding routes and we are focussing on those routes.

"At the same time, we want to increase the flying hours of each aircraft, we are trying to push the number of hours so that with the same aircraft we can do more trips," Kharola said.
13/05/18 PTI/India Today

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