Private carriers suffered Rs 2,444 cr losses in 2007-08

New Delhi: Private scheduled commercial airlines suffered a combined loss of Rs 2,444.6 crore in 2007-08, Lok Sabha was informed today.
Air Deccan, now christened as Kingfisher Red, registered the maximum loss of Rs 798.3 crore, while its parent carrier Kingfisher suffered losses of Rs 408.9 crore.
No-frills carrier Jetlite had a loss of Rs 441.5 crore, while Jet Airways suffered a loss of Rs 253 crore in 2007- 2008.
Low-cost carriers GoAir, SpiceJet and Indigo recorded losses of Rs 174.7 crore, Rs 133.5 crore and 234.7 crore, respectively, according to data provided by Civil Aviation Minister Praful Patel in a written reply in Lok Sabha.
However, all-business-class airline Paramount had a profit of Rs 11.7 crore. Replying to another question, Patel said that the number of passengers carried by the National Aviation Company of India Ltd, that runs the national carrier Air India, dropped by 22 per cent during 2008-09 as compared to the previous fiscal.
30/07/09 Press Trust of India/Business Standard

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Categories: Indian Aviation- In General Jul 2009