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]

* 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.