Profits expected at Air India Express

Dino D'Amore
By Dino D'Amore June 1, 2016 20:27

Profits expected at Air India Express

For the first time in ten years, Air India Express is on course to post its first profit, thanks to lower oil fuel prices, increased efficiencies and government support. The airline, which flies routes from India to the Middle East, was hit by a fatal accident in 2010 when flight 812 overshot the runway and fell off a hillside in Mangalore killing 152 people on board.

Fast forward to today and the airline has rebuilt its business, with its17-strong fleet reporting load factors of 82% in 2015, serving 2.58 million passengers.

Air India Express is expected to report a profit of Rs.320 crore for fiscal year 2015-16, with revenue of Rs.2,850 crore compared to Rs.1,779 crore in 2010-11.

Dino D'Amore
By Dino D'Amore June 1, 2016 20:27