GoAir sees 2010/11 revenue up 75% on better loads

Budget carrier GoAir India Pvt Ltd expects sales in 2010/11 to rise by up to 75% as growing air traffic boosts seat factors, a top official told Reuters.
"Except for July and August which are normally lower seasons we see the seat factors reaching around 88% plus in October, November and December," Chief Executive Kaushik Khona said over the telephone.
GoAir sees 2010/11 revenue up 75% on better loads
He expects sales to range between Rs 1350 to Rs 1400 crore this fiscal from around Rs 800 crore last year.
GoAir is promoted by the diversified Wadia group which also controls biscuit maker Britannia Industries and textiles firm Bombay Dyeing.
GoAir which has a fleet of nine aircraft hopes to expand this to 20 by end-2013 as it strengthens its route network across the country.
19/08/10 Moneycontrol.com

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Categories: GoAir Aug 2010