AIE records 40% increase in its operating revenue in the first six months of this fiscal
For an organization, success is not something that comes in the way overnight. It needs dedication and hard work by a group of people and support from loyal customers and thoughtful corporate associates.
Scaling new heights, the Air India Express (AIE) achieved a 40 per cent year-on-year increase in its operating revenue, in the first half of the financial year 2019-20.
The airline earned a total revenue of Rs.3124.34 Cr during the first half of the year, which constitutes about 75 per cent of last fiscal’s overall revenue.
The net profit earned by AIE during the six-month period has also gone up by 26 per cent to Rs.679.8 Cr, against Rs.177.3 Cr during the same period last year.
Commenting on the figures, Mr K. Shyam Sundar, CEO, Air India Express said, “the Airlines’ revenue performance in the third quarter is also excellent.” The Airline’s operating revenue increased to Rs. 4,235 Cr as at the end of December 2019.
“In this financial year, we will exceed the figure of Rs. 5,000 Cr in operating revenues and this will be for the first time, since the Airline’s inception,” added Shyam Sundar.
Air India Express’ revenue in the financial year 2018-19 was Rs.4171.5 Cr and net profit for the year was Rs. 168.5 Cr.