Only Paramount, IndiGo in profit

New Delhi: The Chennai-based Paramount Airways and the Delhi-based IndiGo Airlines were the only two among eight domestic airlines to report a profit during 2008-09, the Minister for Civil Aviation, Mr Praful Patel, informed Parliament on Thursday.
In a written statement to the Lok Sabha, the Minister said that while IndiGo posted a profit of Rs 8.21 crore, Paramount Airways recorded a profit of Rs 7.26 crore. Incidentally, for Paramount Airways, 2008-09 was the third straight year that it had reported a profit.
Air India reported the highest loss of Rs 5,548 crore, followed by Kingfisher Airlines (Rs 1,602 crore), JetLite (Rs 630.4 crore), Jet Airways (Rs 402.3 crore), SpiceJet (Rs 352.5 cr) and GoAir (Rs 22.5 crore).
05/03/10 Business Line

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Categories: IndiGo Airlines Mar 2010, Paramount Airways Mar 2010