Air India Express profit rises 26% to ₹680 cr during April-Sept 2019

Our Bureau New Delhi | Updated on February 13, 2020

K Shyam Sundar, Chief Executive Officer, Air India Express Ltd, at a press conference in Tiruchi on Thursday   -  M Moorthy

Air India Express, a subsidiary of Air India, has reported a net profit of ₹679.8 crore during April-September 2019, an increase of about 26 per cent over the ₹177.3 crore profit reported during the same period previously.

“In this financial year, we will exceed the figure of ₹5,000 crore in operating revenues, and this will be for the first time, since the airline’s inception,” said Shyam Sundar, Chief Executive Officer, Air India Express, said in a statement.

Air India Express’ revenue in the financial year 2018-19 was ₹4,171.5 crore and net profit for the year was ₹168.5 crore, the airline’s statement adds.

Flights from Tiruchi

Meanwhile, Air India Express is all set to introduce maiden non-stop flights on the Tiruchirappalli–Abu Dhabi and the Tiruchirappalli–Doha sectors from March 28. The Tiruchirappalli–Abu Dhabi service will operate four times a week and the Tiruchirappalli-Doha flights will be thrice weekly, the statement adds.

Besides, for the first time Tiruchirappalli will get connected to Delhi by a daily, direct flight which will operate through Madurai. The daily non-stop services to Dubai, Sharjah and Singapore from Tiruchirappalli will continue, offering Tiruchirappalli passengers a total of 35 flights per week, the statement says.

Furthermore, the four times weekly non-stop Madurai – Delhi flight will be increased to a daily service.

The government is currently looking to divest its entire stake in Air India and Air India Express and a 50 per cent stake in Air India SATS Airport Services Private Ltd.

Published on February 13, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor