Air India Express Tuesday reported a net profit of Rs 169 crore in the year ended March 2019 as higher utilisation of aircraft and manpower helped the low-cost carrier.
This is the fourth straight year of profitability, the airline said in a release.
The low-cost arm of national carrier Air India recorded over 16 per cent growth in revenues at Rs 4,202 crore in 2018-19. In the year-ago period, the same stood at Rs 3,620 crore.
“The net profit earned in the last fiscal is particularly significant as the aviation sector has had to face many challenges, including high input costs. The unit cost incurred on fuel alone, increased by around 35 per cent during this period.
