Air India claims improvement in revenue

New Delhi: A day before a meeting of its board, Air India today claimed improvement in its revenue, yields and overall passenger load factors since its turnaround plan came into operation over a year ago.
During April-November this year, Air India recorded network revenue of Rs 7,250 crore as against Rs 5,911 crore achieved during the corresponding period last year, reflecting a growth of 22 per cent, a company statement said here.
The board is likely to review the airline's overall performance at a meeting in Mumbai tomorrow.
Out of the total network revenue, Rs 4,401 crore was recorded on international flights this year compared to Rs 3,801 crore last year, showing a gain of 15.8 per cent.
Network revenue on domestic flights also jumped 35 per cent from Rs 2,110 crore in April-November 2009 to Rs 2,849 crore this year, the statement said.
"The results are very encouraging and reflect the commitment of our employees. We have just begun the turnaround journey and we have a long way to go," Air India CMD Arvind Jadhav was quoted as saying in the statement.
It said that the yield per revenue passenger kilometre on the airline's network rose by 12.2 per cent during the period.
26/12/10 PTI/Economic Times

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Categories: Air India Dec 2010