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

Mumbai: Budget carrier GoAir India Pvt Ltd expects sales in 2010/11 to rise by up to 75 per cent as growing air traffic boosts seat factors, a top official said.
"Except for July and August which are normally lower seasons we see the seat factors reaching around 88 (per cent) plus in October, November and December," Chief Executive Kaushik Khona said over the telephone.
He expects sales to range between 13.5 to 14 billion rupees this fiscal from around 8 billion rupees last year.
GoAir is promoted by the diversified Wadia group which also controls biscuit maker Britannia Industries and textiles firm Bombay Dyeing.
Air carriers including Jet Airways and SpiceJet Ltd are looking forward to an upswing in business, helped by the rebounding economy and the Commonwealth Games that India is hosting in October in New Delhi.
Aviation consulting firm Centre for Asia Pacific Aviation (CAPA) said last month India's private airlines together could now post a higher than earlier estimated profit of $250-$300 million this fiscal.
19/08/10 Reuters/Economic Times

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Categories: GoAir Aug 2010