Air India January revenue up 30.4%

Mumbai: National carrier Air India has turned in a good performance in January with the overall revenue going by 30.4 percent over the same period last year.
The air carrier's international revenue went up by 27.2 percent and domestic revenue is up by 36.6 percent during the month. Overall there was a 30.4 percent improvement in revenues throughout the network, a senior official told PTI.
"Our domestic capacity in terms of available seats per kilometre increased 16.3 percent, whereas in the overall network, it remained static. The number of passengers carried increased 11.5 percent on international routes and 18.1 percent on domestic routes thereby helping the passenger load factor to a 5.4 percent increase over the entire network," the official said.
The yields on international routes rose 18.8 percent and 16.9 percent on domestic services and on the network by 19.3 per cent, he said.
Incidentally, Air India's performance is in line with the figures projected in its turnaround plan.
The airline's financial restructuring plan was given the nod by the group of ministers (GoM) in the meeting held on February 7, after which banks financing the working capital of the company endorsed its financial restructuring plan in a meeting held on February 17.
19/02/12 PTI/Economic Times

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Categories: Air India Feb 2012