Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
July 17, Tuesday 2018 2:55 PM       

       HEADLINES: Police to keep eye on communal organisations                                              Tharoor supports Ramayana month observation                                              Pilgrim dies as bus hits a tree                                              Tharoor calls BJP 'narrow-minded'                                              Mamata govt runs syndicate raj, says Modi; TMC hits back                                              Mother Teresa group Missionaries of Charity under investigation for baby trafficking                                              Veteran actor Rita Bhaduri passes away                                              Mayawati removes party leader                                              Trump and Putin open historic summit                                              France ends 20-year itch, lifts second FIFA World Cup                                              I feared Serena might die, says husband                                              With flags, song, pride, French celebrate unifying victory                                              Kaumudi Facebook
       BUSINESS Next Article: Demonetisation a complex issue, RBI, Nepal Rashtra Bank in talks to resolve it: Foreign Secretary  
       Air India records 20% growth in revenue
 
         Posted on :13:17:27 May 13, 2018
   
A A
       Last edited on:13:17:27 May 13, 2018
         Tags: Air India, 20% growth in revenue
 

NEW DELHI: Air India has recorded a 20 per cent growth in revenue in March-April 2018 and has embarked on a route analysis exercise, focussing on increasing flying hours of each of its aircraft, to add more trips, the airline's chairman-cum-managing director, Pradeep Singh Kharola, said.

The airline is focussing on improving the operational efficiency both in the domestic and international sectors even as it is buoyed over the load factor, on time performance and revenue growth, Kharola told PTI.

"During March-April, the revenue has increased by about 20 per cent as compared to the same period last year at roughly about Rs. 3,000 crore, though expenses continue to remain high," he said, adding that the airline has benefitted from the overall growth in the aviation market.

He pinned high hopes on international routes, generating 70 per cent of Air India's total revenue, stating that the new destinations such as Tel Aviv is giving good returns to the carrier.

The increase of frequency to the San Francisco route to nine days a week is expected to give the airline Rs. 90 crore a month.

"We are focussing on improving on the operational efficiency. We are doing our route analysis and all, finding out which are the more yielding routes and we are focussing on those routes. At the same time, we want to increase the flying hours of each aircraft, we are trying to push the number of hours so that with the same aircraft we can do more trips," Kharola said.

According to the Directorate General of Civil Aviation, Air India had a market share of 13.4 per cent in March 2018.

With a fleet of over 150 aircraft, Air India currently boasts of over 2,500 international prime-time slots per week in 43 destinations and 3,800 domestic slots in 54 destinations.

Kharola, however, did not elaborate about the network analysis exercise or the new routes the airline is eyeing, especially in the international sector.

However, he hinted that the African continent promises to hold a better future for the airline.

In February, the civil aviation ministry said Air India has been "consistently improving" its overall performance and more than doubled its operating profit to Rs. 298.03 crore in 2016-17.

During the same period, the airline's net loss widened to Rs. 5,765.16 crore. In 2015-16, Air India had an operating profit of Rs. 105 crore, while the net loss stood at Rs. 3,836.77 crore.

The ailing airline has been put on the block with the government proposing to divest 76 per cent of its stake in the airline.

A A
       BUSINESS
Next Article: Demonetisation a complex issue, RBI, Nepal Rashtra Bank in talks to resolve it: Foreign Secretary
 
 
BUSINESS HEADLINES
May announces new 2 bn pounds UK-Italian fighter jet project  
Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze  
Sebi revamps panel on alternative investment  
Sebi exempts family trust related to Batliboi from making open offer  
 
Do you approve of Yuva Morcha men vandalising Shashi Tharoor's office?
Yes
 
No
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy