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Sunday, October 31, 2010

Air India posts first cash profit in 2 years

Mumbai: Air India has managed to post cash profit at the operational level in its domestic business after almost two years.
Reviewing the performance of the national carrier, the Minister of Civil Aviation, Mr Praful Patel, said on Friday that on the domestic side, the airline has managed a cash profit of Rs 87 crore in the half-year ended September 30 against a cash loss of Rs 472 crore in the same time last year.
On the international side, Air India's cash loss has also gone down to Rs 500 crore from Rs 1,142 crore.
In the last six months, the airline's load factor increased by 5 per cent and its yield per passenger has gone up by 13 per cent, compared to same time last year.

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