Air India files higher passenger revenue
Air India, the state-owned carrier has registered a rise in its income by Rs. 235 crore in the three months beginning November 2009. The state-owned airline filed a revenue figure of Rs. 2,350 in the same period last year which now however stands at a whopping Rs. 2,585 crore.
Analysts believe that the rise is mainly because of a rise in demand as more people switch back to air travel as the sentiments about the economy improves.
The company has even filed a rise in the so-called passenger yield - the average price at which tickets are sold - by around 10% in the three month period. The company had faced huge losses in the past due to lower air traffic and higher fuel charges and is even today hardly out of the woods.
With a mind-boggling cumulative loss of Rs 7,774 crore for the past two years and on the other end, the deficit for the current fiscal is estimated to touch Rs 5,400 crore; the troubles for this company do not see a dead end shortly.