Air Deccan posts Rs 212-cr loss

Mumbai: Battered by pressures on yields and low passenger loads in March, price warrior Air Deccan has suffered a loss of Rs 213 crore during the quarter ended March 31, 2007.
The loss was on a net income of Rs 437 crore during the period. The airline has recorded no sale and leaseback transaction during the quarter unlike the previous quarter, where it notched a Rs 9.6 crore profit. The loss for the nine-month period ended March 31 was Rs 244 crore.
The airline spent about Rs 229 crore on fuel during the quarter.
The airline’s load factors, which were at a high of 83% during February, fell to below break-even levels of 70% in March, sources said. The airline, which operates 65 destinations in India, carried 17.17 lakh passengers in the quarter. The Deccan Aviation board has also approved the hiving off of its charter services and the maintenance and repair facilities into a wholly-owned subsidiary.
Currently, the airline operates 19 Airbus A 320 aircraft with an average age of 1.5 years and 24 ATR turboprop aircraft.
27/04/07 Economic Times

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Categories: Air Deccan Apr 2007