Air India Express nets profit of Rs 415 crore
Air India Express, the low cost arm of Air India, has earned a net profit of Rs 415 crore, as per the unaudited half yearly accounts placed and approved by the airline’s board of directors on Tuesday. The first half of the fiscal (H1) witnessed capacity increase of 21%, and the airline’s operating revenue has increased 18% during the period. The airline has achieved operating revenue of Rs 1,897 crore against Rs 1,609 crore earned in the first half of financial year 15-16. The airline has carried 1.64m passengers during the April-September 2016 period, the company said. Air India Express has inducted four Boeing 737-800 NG aircraft to its fleet, on dry lease, during the first half of this fiscal, which has enabled the airline to introduce several new routes and increase frequencies on its existing routes. <br/>
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Air India Express nets profit of Rs 415 crore
Air India Express, the low cost arm of Air India, has earned a net profit of Rs 415 crore, as per the unaudited half yearly accounts placed and approved by the airline’s board of directors on Tuesday. The first half of the fiscal (H1) witnessed capacity increase of 21%, and the airline’s operating revenue has increased 18% during the period. The airline has achieved operating revenue of Rs 1,897 crore against Rs 1,609 crore earned in the first half of financial year 15-16. The airline has carried 1.64m passengers during the April-September 2016 period, the company said. Air India Express has inducted four Boeing 737-800 NG aircraft to its fleet, on dry lease, during the first half of this fiscal, which has enabled the airline to introduce several new routes and increase frequencies on its existing routes. <br/>
