Air India Express, the low-cost arm of Air India, has reported a net profit of ₹169 crore for FY19.
The airline said in a statement its revenues grew 16.07 per cent to ₹4,202 crore from ₹3,620 in FY18. Its passenger carriage increased 12 per cent to touch 4.36 million from 3.89 million. The airline’s international carriage grew 10.5 per cent during this period. It also saw average daily aircraft utilisation increase to 13.3 hours from 12.7 hours previously.
Air India Express inducted two more aircraft and connected three more cities — Bengaluru, Kannur and Surat.
K Shyam Sundar, CEO, said the net profit earned in the fiscal is particularly significant as the aviation sector has had to face many challenges, including high input costs.
