National carrier Air India’s passenger revenue grew 17% during April-December of the current fiscal due to better aircraft utilisation and rationalisation of routes, chairman and managing director Pradeep Singh Kharola said on Wednesday.
Air India got Rs 15,081 crore from domestic and international ticket sales during April-December 2018 as compared to Rs 12,918 crore in the year-ago period. The passenger count was up 7% y-o-y to 16.13 million in the first three quarters of this fiscal. Typically, Air India’s earns 65% of its passenger revenue from international flights.
The airline added 37 flights on new and existing routes during FY18. However, the operating costs remained high during this period as aviation turbine fuel was up around 30% y-o-y. Read More