Air India Express profit rises 26% to ₹680 cr during April-Sept 2019
Air India Express, a subsidiary of Air India, has reported a net profit of ₹679.8 crore during April-September 2019, an increase of about 26 per cent over the ₹177.3 crore profit reported during the same period previously.
“In this financial year, we will exceed the figure of ₹5,000 crore in operating revenues, and this will be for the first time, since the airline’s inception,” said Shyam Sundar, Chief Executive Officer, Air India Express, said in a statement.
Air India Express’ revenue in the financial year 2018-19 was ₹4,171.5 crore and net profit for the year was ₹168.5 crore, the airline’s statement adds.
