Tag Archives: results

National carrier Air India has recorded it’s second consecutive month of operational profit. The carrier posted an operating surplus of Rs 49.48 Crores ($11.22 million) in December 2010, up from Rs 21.66 crore in November 2010. While the carrier feels this is largely due to recent efforts at improvement in efficiency parameters and adoption of better yield management strategies, most …

Aided by the resurgent Indian economy, improvement in global business and leisure travel, Mumbai based Jet Airways group (Jet Airways, Jet Airways Konnect, and JetLite) posted strong results for the third quarter of fiscal year 2011, which ended December 31, 2010 Profit before tax for group for the quarter increased a whopping 122% from Rs. 109.8 crore (US$ 23.6 million) …

Gurgaon based low fare carrier SpiceJet, announced its fourth successive quarter of profits today. Even though, the carrier declared a meagre Rs. 100 million net profit for the second quarter (ending September 30, 2010) of the financial year 2010~2011, this is in sharp contrast to the loss of almost Rs. 1 billion compared to the same quarter last fiscal. The …

AirAsia Berhad announced net profits of RM549 million ($162 million) for the full year 2009 despite what is described as the worst year in aviation history. While globally passenger demand fell by 3.5%, AirAsia grew its passenger numbers by 21% to 14.25 million for the Malaysian operation. The combined Malaysian, Thailand andIndonesian operations forming the AirAsia Group increased passenger numbers …

India’s second largest value carrier, SpiceJet, has been in the news over the last ten days with a variety of announcements. Maintenance contract with MAS-GMR Aerospace Engineering Company Ltd. and MAS Aerospace Engineering (MAE) SpiceJet has signed a three year maintenance support agreement with MAE for the carrier’s fleet of all Boeing 737-800 and 737-900ER aircraft. SpiceJet is the launch …