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Air India Express's FY20 net profit climbs to Rs 412.77 cr
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SME Times News Bureau | 29 Oct, 2020
Air India's low-cost international subsidiary Air India Express on
Wednesday reported its highest-ever net profit, at Rs 412.77 crore for
the financial year 2019-20.
The airline had reported a net profit of Rs 169 crore in 2018-19.
The
airline which started its commercial operations in April 2005, has been
reporting net profit continuously for the last five years.
"Efficient
utilisation of assets in terms of aircraft, manpower and materials and
enhanced operational efficiency in key areas have significantly
contributed to the the record profits," said K. Shyam Sundar, CEO, Air
India Express.
The airline's operating revenues grew by over 25 per cent from Rs 4,172 crore in FY2018-19 to Rs 5,219 crore in FY2019 -20.
Besides,
the number of passengers flown by Air India Express increased by 11 per
cent to reach 4.84 million from 4.36 million in 2018-19.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
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56.85 |
As on 13 Aug, 2022 |
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