Indian Net Profit up 49%

New Delhi: Riding the low fare-fuelled boom in air travel market, the state-owned Indian Airlines (Indian) cruised through the 2004-05 fiscal with a 48.5% jump in net profit to its highest-ever level in nearly two decades.
The airline, which has now pushed its plans to fly to London to the summer of 2006, said it ended the 2004-05 fiscal with a net profit of Rs 65.61 crore as against Rs 44.17 crore a year earlier.
The record profit of Rs 65.61 crore, it said in the audited results announced on Monday, has been achieved in the face of rising domestic ATF prices during the year.
Dec 27/ Times of India

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