Monday, July 18, 2005

Indian Airline posts profit in q1

Indian Airlines (IA) the desi brand in aviation segment has recorded a net profit of Rs 28.45 crore during first quarter of current financial year, up from Rs 5.95 crore in the year-on period. The number of passengers carried also increased by 10.1 per cent and 6.4 per cent. The budgeted net profit was Rs 12.29 crore. The operating profit was up from Rs 15.25 crore in April-June 04 to Rs 34.75 crore in the same period this year. Indian Airlines also increased its total revenue by 18.4 per cent in April-June 05 compared to that in last year's corresponding period. Indian Airlines owed the success despite of continuously rising petroleum prices, to strict cost control measures and improved physical performance. There was improvement in physical performance such as available tonne kilometres (ATKMs), revenue tonne kilometres (RTKMs), number of passengers carried, overall load factor and seat factor - both when compared to corresponding period previous year and budgeted targets.