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07-12-2012, 10:54 AM #1
Strike fails to affect AI revenues, up 21 pc in Q1
Despite the two-month-long strike by a section of its pilots, the state-owned Air India saw its revenues rise 21 per cent in the April-June quarter.
The Indian carrier's topline rose three per cent in June over the same period last fiscal, notwithstanding the fact that it operated a truncated flight schedule on the international network during the entire month, officials said.
"Our performance has been good on several parameters, both on quarter-on-quarter as well as month-on-month basis.
Our overall revenue rose 20.8 per cent in the April-June quarter to Rs 2,900 crore, from Rs 2,400 crore in the year-ago quarter," an official said.
Over 400 pilots of the now derecognised Indian Pilots Guild went on a strike on May 7. It ended on July 3.
The strike had forced the management to operate only profitable routes, causing revenue loss of Rs 600 crore.
The seat factor during the period also rose three per cent, the official said, adding that yield per seat shot up 26 per cent in June as ticket prices went up by about 10-20 per cent across the board due to the holiday rush.
The national carrier has a Rs 67,000 crore debt pile, including Rs 24,000 core accumulated losses.