AI loss narrows on improved load factor

New Delhi: Crisis hit state-owned carrier Air India on Wednesday said its net loss for the quarter ended December 31, 2009, declined by 9.7% to Rs 1,473.85 crore against Rs 1,632.23 registered during the corresponding period in the previous year. This, the airline said, was "as a consequence of higher passenger carriage and improved load factor". The airline's operating loss for the quarter also saw a dip by 25% from Rs 1,152.44 crore in October-December 2008 to Rs 864.33 crore in December 2009 quarter.
During the quarter, the airlines' revenue rose from Rs 3,738.59 crore to Rs 3,852.14 crore, up 3%. This modest increase in revenues was in view of low yields on both the domestic and international routes due to market conditions, the airline said. The December quarter has been the best for the industry so far with a significant recovery in demand and rates.
28/01/10 Financial Express

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Categories: NACIL Jan 2010