Loading
20-Aug-2010 11:43 AM

GoAir expects FY2010/11 sales revenue to soar 75%

GoAir stated it expects sales revenue to increase by up to 75% year-on-year to between USD291.2 million and USD302.0 million in the fiscal year ending 31-Mar-2011, as increasing air traffic demand boosts load factor (Reuters, 20-Aug-2010). The LCC, which operates a fleet of nine aircraft, plans to expand its fleet to 20 by the end of 2013.

GoAir: "Except for July and August which are normally lower seasons we see the seat factors reaching around 88% plus in October, November and December … our plan is to get to 20 aircraft as soon as possible. Discussions are on and hopefully we should be able to do that by 2013-end," Kaushik Khona, CEO. Source: Reuters, 19-Aug-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More