STOCK MARKET BSE NSE

Air India Express makes profit, revenue up by 16 per cent

The impact of this on profitability was huge, as more than 40 % of the Airline’s operating cost were incurred on fuel.

Published: 31st July 2019 08:30 AM  |   Last Updated: 31st July 2019 08:30 AM   |  A+A-

Air India

Air India (File Photo | PTI)

By Express News Service

NEW DELHI: Air India Express, the low-cost arm of Air India, has earned a net profit of Rs169 crore in FY 2018-19. The net profit earned in the last fiscal is particularly significant as the aviation sector has had to face high input costs.

The impact of this on profitability was huge, as more than 40  per cent of the Airline’s operating cost was incurred on fuel. “Despite this we were able to drive-in profit by greater utilisation of our assets and resources, like aircraft, manpower and materials. Through concerted cost measures, the airline was able to contain the unit cost incurred on expenses other than fuel to be at the same level as in FY 18,” said K. Shyam Sundar, CEO, Air India Express.  

The airline’s revenues grew by 16.07 per cent, going up from Rs 3,620 crore in FY 2017-18 to Rs 4,202 crore in FY 2018-19.  

The number of passengers carried by the Airline increased by 12 per cent, to reach 4.36 million from the 3.89 million passengers carried in 2017-18. The Airline’s international carriage alone grew by about 10.5 per cent during this period.

Air India Express also inducted two more aircraft, to its fleet in September and October 2018. With the induction of these two aircraft, Air India Express expanded its network to three new Indian cities — Bengaluru, Kannur and Surat.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp