New Delhi: Riding the low fare-fuelled boom in air travel market, the state-owned Indian Airlines has projected to earn its highest-ever profit this fiscal with the bottomline set to soar past the Rs 100 crore mark in 2006-07.
The airline, in its initial earnings projections for 2006-07, has stated that a growth in passenger carriage coupled with introduction of new routes and a string cost-cutting exercise will help Indian end the fiscal with a net profit well above Rs 100 crore, as against an estimated profit of Rs 69 crore in 2005-06.
Indian is also expecting its fuel bill to grow by Rs 350 crore this year, following the recent hike in ATF prices. Its fuel bill stood at Rs 1,500-1,600 crore in the previous year.
With the airline cruising deeper into the profit zone, Indian Airlines chairman and managing director Vishwapati Trivedi said, efforts are now being initiated to spread wings, both in the domestic and international skies.
21/05/06 Byas Anand/Times of India
To Read the News in full at Source, Click the Headline
Monday, May 22, 2006
Home »
» IA hopes to net Rs 100-cr profit this year
IA hopes to net Rs 100-cr profit this year
Monday, May 22, 2006
Related Posts:
India wants to identify fliers using face ID while Google CEO seeks temporary ban on face recognition AI As part of the Digital India campaign, the Ministry of Civil Aviation has installed India’s first digital system called Digi Yatra for air travellers… Read More
Karnataka: Belagavi to get India's first miniature airport Belagavi: The border town of Belagavi is set to host India's first miniature airport on the lines of Miniatur Wunderland in Hamburg, Germany. The Rs … Read More
SpiceJet to strengthen management team as Shilpa Bhatia set to rejoin New Delhi. India's second largest budget airline SpiceJet Ltd is set to strengthen its top management team with Shilpa Bhatia set to join it as its … Read More
SpiceJet Launches Postal & Cargo Delivery Service At Odisha’s Jharsuguda Airport Bhubaneswar: SpiceJet has launched postal and cargo delivery service at Jharsuguda airport, which is touted as one of the remotest airports in easter… Read More
Boeing 747, The Queen of the Skies, turns 50 Since then, it has been a favourite not just with regular passengers, but also celebrities and heads of states. America’s Air Force One is a souped-u… Read More
0 comments:
Post a Comment