Amid stake on sale, Air India Express registers profit of Rs 680 crore during Apr-Sept


Daijiworld Media Network – Mumbai (AM)

Mumbai, Feb 14: The low-cost subsidiary of national carrier Air India Ltd, Air India Express, has reported a net profit of Rs 679.8 crore during April-September 2019, an increase of about 26 per cent over the Rs 177.3 crore profit reported during the same period previously.

K Shyam Sundar, CEO, Air India Express, in a statement said that the airline's revenue rose 75% year-on-year to Rs 3,124.34 crore. “In this financial year, we will exceed the figure of Rs 5,000 crore in operating revenues, and this will be for the first time, since the airline’s inception,” he said.

Air India Express reported revenue of Rs 4,171.5 crore and a net profit of Rs 168.5 crore during 2018-19.

The airline said it will introduce non-stop flights on Tiruchirappalli–AbuDhabi which will operate four times a week and Tiruchirappalli–Doha which will operate thrice a week, in its 2020 summer schedule, commencing from March 28.

The centre has already begun the process for entire stake sale of Air India and Air India Express and a 50 per cent stake in Air India SATS Airport Services Private Ltd.

 

  

Comment on this article

  • Prem, Indian

    Sat, Feb 15 2020

    AI has the highest employee per Aircraft ratio in the world amongst all airlines.

    Can we be sure the airline is making "Profit" ? or is this just fudged figures (Jumla - like the economy in good shape, Sab Changisi) to entice bidders for a non performing asset.

    DisAgree Agree Reply Report Abuse

  • smr, Karkala

    Fri, Feb 14 2020

    The Indian national carrier 'Air India's' Maharajah is welcoming travelers from decades with smile. But it is the government aviation policy has failed the carrier. The losses the successive governments are showing is to fund the carrier so that the politicians pockets are filled.

    The total outstanding of cash-strapped Air India towards government for VVIP charter flights stands at Rs 1146.86 crore, according to the latest response from the national carrier to an RTI application.

    According to the details furnished by the Air India, the Defence Ministry has outstanding bills of Rs 211.17 crore, Cabinet Secretariat and PMO Rs 543.18 crore and External Affairs Ministry Rs 392.33 crore.
    The government owes crisis-stricken Air India a whopping Rs 797.95 crore as of September 30, 2019 for flights operated for VVIPs, including the president, the prime minister, the vice president and foreign dignitaries, and more than half of it—Rs 458.959 crore—is the amount outstanding for the prime minister's travel.

    How can any nation carrier will survive if our own government misuse the resources?

    PM Imran Khan has traveled to the US by Qatar Airways for first meet with President Trump. Narendra Modi calls himself a fakir; former Uruguayan President Jose Mujica actually lives like one.

    Why the Air India should run on losses and sold for unpaid bills of the VVIP culture of PM Modi's government?

    Jai Hind

    DisAgree [2] Agree [6] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Fri, Feb 14 2020

    Excellent turnaround by AI Express since 2016. Year on year profits are 100%. What more do we want? But alas, this cash cow forms part of the AI Sale deed, hopefully Etihad or Singapore Airlines will pick up stake

    DisAgree [1] Agree [1] Reply Report Abuse

  • Rajesh, Mulki

    Fri, Feb 14 2020

    Air India express is only namesake low cost carrier. Their tickets cost ois expensive through out the year because Mangalore passengers have no options after the closure of jet airways, specially from Kuwait. So high profit is not a surprise.

    DisAgree [1] Agree [15] Reply Report Abuse

  • Sanjeev Kamath, Udupi

    Fri, Feb 14 2020

    Thank you, Modi. thank you BJP.

    DisAgree [24] Agree [3] Reply Report Abuse

  • H. Almeida., Bendur/Andheri

    Fri, Feb 14 2020

    Government prime n only responsibility is to govern the nation efficiently.... It is not a team of Industrialists, to run a business empire !!! Majority of our public sectors enterprise are hopelessly sick..They are kept afloat, by the subsidies, from the public taxpayed money....The employees are all white elephants, enjoying hefty perks n pay cheques, with zero output. This tragic fiasco has been going on for the last 72 years !

    DisAgree [1] Agree [20] Reply Report Abuse

  • Sangram Sangam, Kundapur

    Fri, Feb 14 2020

    Golden words and 100% reality

    DisAgree [1] Agree [4] Reply Report Abuse

  • Deepak, Mang/dxb

    Fri, Feb 14 2020

    100% true. India need more educated and matured ppl like you than who just looking for appeasement and freebies.

    DisAgree [2] Agree [7] Reply Report Abuse

  • harish, Kadaba

    Fri, Feb 14 2020

    Check all over the world how many airlines in profilt!
    Airlines not much profitable industry, ethihad in loss too

    DisAgree [6] Agree [11] Reply Report Abuse

  • Ponkra, Mangaluru

    Fri, Feb 14 2020

    All of sudden they increased their profit after so many years of suffering ! those hidden profits were and who shared it GODI media or all the politicians families !! LOL

    DisAgree [10] Agree [14] Reply Report Abuse

  • Mangalore, Mangalore

    Fri, Feb 14 2020

    AI express started gaining profits continuously since 2016.

    DisAgree [3] Agree [11] Reply Report Abuse

  • Anwar, Mangaluru

    Fri, Feb 14 2020

    Modi !! Modi !! Modi !! If this is not because of Modi, you are anti national.

    DisAgree [21] Agree [17] Reply Report Abuse

  • Dinesh Kumar Shetty, Katipalla/Mangaluru

    Fri, Feb 14 2020

    There are a lot of other people in your life other than Modi

    DisAgree [7] Agree [22] Reply Report Abuse

  • Anwar, Mangaluru

    Fri, Feb 14 2020

    Someone from general public, a total stranger, knows so much about my life !! Haha ! soch badlo desh badlega !

    DisAgree [11] Agree [12] Reply Report Abuse

  • Nash, Mangalore

    Fri, Feb 14 2020

    Why is airlines business always in loss

    DisAgree [4] Agree [7] Reply Report Abuse

  • BABU, BARKE - MANGALORE

    Fri, Feb 14 2020

    No chance to make profit on this budget based Airline... while Bidders must absorb $3.3 billion debt to buy this carrier, govt is only planning to bully & screw some of his other bidders, but kept Ambani Family away.......

    DisAgree [5] Agree [8] Reply Report Abuse

  • Chandra, Bahrain

    Fri, Feb 14 2020

    Low cost in what sense? It costs more than premium airlines to travel in this and people like us dont have options after jet airways went off air.

    ONe of my friend who works with this airways told that he and his colleagues don’t fly in this only if they don’t have option


    Profit at the cost of our majboori

    DisAgree [2] Agree [17] Reply Report Abuse

  • Dinesh Kumar Shetty, Katipalla/Mangaluru

    Fri, Feb 14 2020

    Modi infused money into Air India to make it profit making entity

    DisAgree [31] Agree [6] Reply Report Abuse

  • Srinivas, Bangalore

    Fri, Feb 14 2020

    Hahaha Good joke. Keep it up.

    DisAgree [5] Agree [16] Reply Report Abuse

  • satish, Udupi

    Fri, Feb 14 2020

    Thanks to Jetairways fall

    DisAgree [3] Agree [14] Reply Report Abuse

  • Mangalore, Mangalore

    Fri, Feb 14 2020

    AI express has been gaining profits continuously since 2016

    DisAgree [2] Agree [4] Reply Report Abuse

  • Prakash, Mangalore

    Fri, Feb 14 2020

    Easy to make a profit when you milk the optionless gulf passengers. In any case when the damned airline is so much in debt how can it claim it is making a profit? The interest on the debt is probably more than what they claim to have earned.

    DisAgree [3] Agree [24] Reply Report Abuse

  • Jamal, Mangalore/UAE

    Fri, Feb 14 2020

    Just like the toll charge increased in Talapady due to completion of work at pumpwell and Thokkottu flyover bridge now the AI Exress will shoot up the ticket price for DXB-IXE and AUH-IXE route.
    Happy news for buyers of AI and AIE as per Govt.

    DisAgree [7] Agree [14] Reply Report Abuse

  • Sangram Sangam, Kundapur

    Fri, Feb 14 2020

    Please add Umbettu kere Houseing project also

    DisAgree [13] Agree [13] Reply Report Abuse

  • Ronald D, Udupi

    Fri, Feb 14 2020

    Due to closure of Jet Airways! With such high price of DxB- Mangalore they are bound to make much higher profits!

    DisAgree [2] Agree [21] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Feb 14 2020

    Why should we give a profit making airline to Mukesh Ambani ...

    DisAgree [13] Agree [31] Reply Report Abuse

  • Krishna, Udupi

    Fri, Feb 14 2020

    We will give to u..
    Ready to buy???

    DisAgree [17] Agree [14] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Feb 14 2020

    Krishna, Udupi
    You know what happened to Reliance Dassault Raphael ...

    DisAgree [10] Agree [19] Reply Report Abuse

  • KIRAN, KAUP

    Fri, Feb 14 2020

    Mukesh ambani is big business man

    DisAgree [8] Agree [10] Reply Report Abuse

  • Mangalore, Mangalore

    Fri, Feb 14 2020

    It's either going to be Tata or ambani. You think anyone will buy air india(along with $3.26 billion debt) if AI express is not included.

    DisAgree [1] Agree [4] Reply Report Abuse

  • munna, udupi

    Fri, Feb 14 2020

    Dear Some Costal friends, lets start blame Modi For this

    DisAgree [14] Agree [22] Reply Report Abuse

  • Ronald D, Udupi

    Fri, Feb 14 2020

    Modi deserves blame for crippling economy, not for rare isolated case of profits!

    DisAgree [10] Agree [13] Reply Report Abuse

  • Sangram Sangam, Kundapur

    Fri, Feb 14 2020

    Those who looted from long period India they are no where now and rewarded with Zero Seat in DELHI

    DisAgree [6] Agree [7] Reply Report Abuse

  • Krishna, Udupi

    Fri, Feb 14 2020

    Rewarded with zero seat
    63 deposit loss and record low % of vote share...

    And deposit loss in place where beta beto campigned

    DisAgree [4] Agree [8] Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Feb 14 2020

    Krishna, Udupi
    BJP got 5 seats because of Congress ...

    DisAgree [4] Agree [1] Report Abuse

  • Krishna, Udupi

    Fri, Feb 14 2020

    And congress got zero seat for second term because of congress

    Congress lost 63 deposit because of congress

    DisAgree Agree [2] Report Abuse


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Title : Amid stake on sale, Air India Express registers profit of Rs 680 crore during Apr-Sept


 
 
 
 

 
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