Jan 27, 2010

Air India registers all round Improvement in performance

An impressive increase of 24.8 per cent in passenger carriage and 14.4 per cent rise in load factor reflects a significant improvement in Air India’s operating performance in the quarter October-December 2009, as compared to the same period last year.

Air India carried 3.17 million passengers in October-December 2009, as against 2.54 million in the same quarter last year.  Likewise, load factor rose from 55.3 per cent in October-December 2008 to 69.7 per cent in October-December 2009. 

As a consequence of higher passenger carriage and improved load factor, the operating loss showed a significant 25 per cent reduction from Rs 1152.44 crore in October-December 2008 to Rs 864.33 crore in October-December 2009.  The net loss also showed a 9.7 per cent decline – from Rs 1632.23 crore to Rs 1473.85 crore. 

However, in view of low yields on both the domestic and international routes due to market conditions, the total revenue registered a modest increase of three per cent from Rs 3738.59 crore to Rs 3852.14 crore.