Monday, January 3, 2011

Air India Posts Cash Profit in November

The public sector carrier Air India has registered a cash profit of Rs 21.66 crore in November 2010, the record is the recent short of the national airline.

Air India said Monday that it was largely possible thanks to a significant improvement in terms of efficiency, combined with better performance and strategies of a growing number of passengers to show faith in the airline.

Another significant indicator was the network of Air India, announced that 108,194 flights in November 2010 cash earnings in cash, an unusual result for the carrier recently.

"The peak season for air travel will continue and our employees' commitment to the challenge is obvious,''said Arvind Jadhav, CMD, Air India, while reaffirming its R 1200 crore injection of fresh capital, the government has contributed to enhance employees' morale.

During the period from April to November 2010, Air India had revenues of 7,250 million rupees R net income compared to Rs 5,911 million rupees obtained during the same period last year, an increase of 22.6% .
Of the total network revenue, Rs 4.401 million rupees was recorded on international flights compared to Rs 3,801 crore in the same period last year, an increase of 15.8%.

Network services on domestic routes increased 35% from Rs 2110 crore in April-November 2009 to Rs 2.849 million rupees in April and November 2010.

The airline is registered in the passenger load factor was 66.3% in April-November 2010, 63.1% were achieved during the period.

Its international network, passenger load factor increased by 65.0% from 62.2% and the home network, passenger load factor increased by 70.4% from 66.2% during this period, Air India said in a statement.

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