IndiaCatalog.com
India News
Search Web Directory
News Home
Air India flying high: Passenger revenues up 17% at Rs 15,081 crore in April-December
Posted on 10th January 2019
National carrier Air India’s passenger revenue grew 17% during April-December of the current fiscal due to better aircraft utilisation and rationalisation of routes, chairman and managing director Pradeep Singh Kharola said on Wednesday.

Air India got Rs 15,081 crore from domestic and international ticket sales during April-December 2018 as compared to Rs 12,918 crore in the year-ago period. The passenger count was up 7% y-o-y to 16.13 million in the first three quarters of this fiscal. Typically, Air India’s earns 65% of its passenger revenue from international flights.

The airline added 37 flights on new and existing routes during FY18. However, the operating costs remained high during this period as aviation turbine fuel was up around 30% y-o-y. “We have flown our aircraft for longer duration as compared to previous years and used pilot duties more judiciously to improve our revenues. Capacity has increased on profitable routes. This includes night-time flights,” Kharola told reporters.

For instance, Air India introduced non-stop flights from Kolkata and Bengaluru to Bangkok while direct flights to the Thai capital from Chandigarh and Bhubaneshwar were terminated. The airline was incurring yearly loss of Rs 8-9 crore on these flights.

According to the Public Enterprises Survey 2017-18, Air India’s net loss declined 17.6% year-on-year to Rs 5,337 crore during 2017-18 due to lesser allowance for exceptional items like balance payable to employees and duty credit entitlement under the Served From India scheme. Kharola said the airline is rationalising its catering costs on overseas flights by carrying food from India. Air India flights are carrying food to destinations like Stockholm, Copenhagen, Birmingham and Madrid to be used for the return journey.

“Catering costs for us are around Rs 600-800 crore a year. Catering in India is 3-4 times cheaper as compared to catering in the West. To save our costs, the food is taken from here in India in chillers and then it is heated whenever it has to be served,” Kharola said.

The government is eyeing around $1 billion (about Rs 7,000 crore) from the sale of national carrier Air India in the next financial year, a government official said. The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would work towards selling some of its subsidiaries and monetise assets.

Air India has a debt burden of Rs 55,000 crore.

Related Companies: Air India   

Other Latest News
Not 1 or 2, all 22 rifles fail to fire during gun salute to former Bihar CM Jagannath Mishra
Posted on 22nd August 2019
While former Bihar chief minister Jagannath Mishra mortal remains were being cremated with full state honour, 22 rifles carried by police personnel failed to fire a single shot on Wednesday.

Mishra's cremation took place at his ancestral village in Supaul district and it was attended by state Chief Minister Nitish Kumar, Deputy Chief Minister Sushil Kumar Modi, state Health Minister Mangal Pandey, among others.


Kia Motors makes India debut, launches Seltos SUV starting of Rs 9.69 lakh
Posted on 22nd August 2019
Korean auto major Kia Motors on Thursday made its debut in India with the launch of an SUV, Seltos, at an introductory price of Rs 9.69 lakh.

Seltos, a mid-sized SUV, is manufactured at the carmaker's Ananthpur plant in Andhra Pradesh. The model comes in both petrol and diesel variants.


Something grave happening in J&K that the government is trying to hide: Ghulam Nabi Azad
Posted on 22nd August 2019
Nine opposition parties on Thursday participated in a protest organised by the Dravida Munnetra Kazhagam, demanding the immediate release of political leaders detained in Kashmir.

“We must recognise that this is no democracy. If we fail to understand this, then we are living in a fool’s paradise,” former Chief Minister of J&K and Leader of Opposition in the Rajya Sabha Ghulam Nabi Azad said.


Govt using CBI, ED as 'revenge-seeking' units: Cong on Chidambaram's arrest
Posted on 22nd August 2019
The Congress on Thursday came down heavily on the BJP government over the arrest of P Chidambaram, accusing it of using the CBI and the ED as "personal revenge-seeking departments".

Senior Congress leader and former Finance Minister Chidambaram was arrested last night amid high drama by the CBI and he spent the night at a agency guest house.


Akshay Kumar 4th on Forbes highest-paid actors list, Dwayne Johnson on top
Posted on 22nd August 2019
National Award-winning actor Akshay Kumar has made it to the fourth position on the Forbes magazine's Worlds Highest-Paid Actors Of 2019 list.

According to the list on forbes.com Akshay has raked in $65 million.

Hollywood star Dwayne 'Rock' Johnson tops the Forbes list of the 10 highest-paid actors, collecting $89.4 million between June 1, 2018, and June 1, 2019.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Air India flying high: Passenger revenues up 17% at Rs 15,081 crore in April-December
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Air India flying high: Passenger revenues up 17% at Rs 15,081 crore in April-December

Most Read News

Sensex sinks over 300 points; metal, auto stocks drag

Tata Motors to take third plant closure

Fitch Ratings raises Reliance's outlook to positive

Coal India’s 54 mining projects facing delays

Kotak Mahindra Bank revises fixed deposit rates. Latest FD rates here

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement