19-Nov-2010 11:55 AM

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