AI had Rs 22-cr profit in November, flew 25% more people

New Delhi: Government-owned Air India made an operating profit of Rs 21.7 crore in November 2010, with over half of its flights recording cash profits. The airline had made a loss of Rs 150 crore in the same month in 2009. In November, the overall passenger number grew by 25 per cent, compared with the corresponding month in 2009. However, AI, with 17.1 per cent of market share in passenger numbers, lost its third place to IndiGo.
Claiming it was a record in recent times, an AI statement said the cash profit of Rs 21.7 crore was largely possible due to significant improvement in efficiency parameters, coupled with better yield management strategies and a mushrooming number of passengers showing faith in the carrier.
“The peak season for air travel would continue and our employees’ commitment to meet the challenge is evident,” the statement quoted Chairman Arvind Jadhav.
During the month, the airline made profits in 108 of 194 flights on its network.
The carrier, with accumulated losses of over Rs 15,000 crore, has shown improved results in the current financial year. During April–November, it recorded a 22 per cent rise in revenue to Rs 7,250 crore, from Rs 5,911 crore during the same period of 2009-10.
04/01/11 Business Standard

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Categories: Air India Jan 2011