Air India Express, which is up for sale along with parent Air India, on Thursday said it expects to cross Rs 5,000 crore in operating revenue this fiscal aided by higher aircraft utilisation, better yields and lower fuel expenses.
The profit-making low-cost international arm of the national carrier, Air India Express is also scheduled to launch its flight services to Abu Dhabi and Doha from Tiruchirappalli, starting March 28 this year.
The airline’s total revenue in the last fiscal was Rs 4,171.5 crore and it posted a net profit of Rs 168.5 crore.
“In this financial year, we will exceed the figure of Rs 5,000 crore in operating revenues, and this will be for the first time, since the airline’s inception,” Air India Express Chief Executive Officer K Shyam Sundar said in a release.
