Revenue up 6.5% in April-Sept
New Delhi, Sept. 12:
Air India posted an increase of 6.5 per cent in revenue during April-September this year at Rs 4,757 crore, compared with Rs 4,467 crore in the same period last year.
Minister for Civil Aviation Ajit Singh said the better financial performance was despite a section of pilots going on strike.
“During the same period, expenditure has reduced by Rs 268 crore from 2011. For the first time since the merger (with Indian) in 2007, the airline has made a cash surplus of Rs 48 crore during April-July 2012, against a cash deficit of Rs 586 crore during the same period previously,” he said.
The net loss of the airline during April-July 2012 fell by Rs 557 crore, Singh added. The Minister was speaking to the media after formally inducting the Boeing 787 Dreamliner aircraft into the Air India fleet.
The airline had taken back 316 of the 413 pilots who had reported sick en masse, a move that led to disruption of normal schedule of Air India, he said.
“Of the remaining 97 pilots whose services were terminated, 50 have been recommended for reinstatement, five pilots have not been found suitable for reinstatement and the case of the remaining 42 pilots is still under consideration,” Singh said.
Singh said that there will be “induction of new aircraft” as the airline is not content with its market share and wants to operate more flights.
Airlines Chairman and Managing Director Rohit Nandan added that the airline had set up a committee to take a closer look at the market and decide on whether there was need to induct more aircraft.
http://www.thehindubusinessline.com/todays-paper/tp-economy/article3890021.ece
No comments:
Post a Comment