Air India reports improvements in 1HFY2011

Air India Board approved (18-Nov-2010) the carrier's financial results for the FY2010 ended 31-Mar-2010 and reported preliminary financial highlights for the six months ended 30-Sep-2010:

• FY2010:
  • Total costs: USD4270 million, -8% year-on-year;
  • Operating profit (loss): (USD778.8 million, compared with a loss of USD1272 million in p-c-p;
  • Net profit (loss): (USD1245 million, compared with a loss of USD1613 million in p-c-p;
  • Passenger traffic (RPKs): +12%;
  • Load factor: 64.8%, ++5.3 ppts;
• 1HFY2011:
  • Passenger revenue: increased by USD231.9 million year-on-year;
  • Cargo revenue: Increased by USD31.4 million;
  • EBITDA: +6%;
  • Passenger load factor: 67.1%;
  • Passenger yield: +13%. [more]

*Based on the conversion rate at USD1 = INR44.58