7-Feb-2011 10:58 AM
Air India reports second consecutive monthly operating profit in Dec-2010
Air India reported (04-Feb-2011) its second consecutive month of operating profit of INR494.8 million (USD10.9 million) in Dec-2010, an increase of 128.4% from Nov-2010, which the carrier attributes to improvements in efficiency and the adoption of better yield management. Details include:
- Dec-2010:
- Operating profit: USD10.9 million, +128.4% when compared with Nov-2010;
- Passenger load factor: 70%;
- Domestic: 79.8%;
- International: 67.1%;
- Yields:
- Domestic: +5% year-on-year;
- International: +7% year-on-year;
- Nine months ended 31-Dec-2010:
- Passenger revenue: USD1743 million, +21.0% year-on-year;
- Domestic: USD644.0 million, +34.3%;
- International: USD1099 million, +14.3%. [more]
- Passenger revenue: USD1743 million, +21.0% year-on-year;
* Based on the conversion rate USD1 = INR445.56
Air India: "With the launch of the new state-of-the-art Passenger Service System later this month, we expect a further boost to our efforts to improve our efficiency parameters," Arvind Jadhav, Chairman and Managing Director. Source: Air India, 04-Feb-2011.