With the exception of Paramount Airways and Indigo Airlines, all other airlines reported losses for the financial year 2008-09. The national carrier, Air India reported the highest loss of Rs 5548cr. The following table shows the profit/loss reported by other airlines.
(Rs in Cr)
NAME OF THE AIRLINE PROFIT/LOSS
Kingfisher -1602
Jet Airways -402
Go Air -23
Spice jet -353
Jetlite -630
Paramount Airways +7
IndiGo +82
Indian and international air travel has rebounded from last year's slump because of an economic pick-up. Domestic Indian travel jumped 23 per cent in January to 4.1 million passengers, according to the Civil Aviation Ministry. Worldwide international airline passenger traffic rose 6.4 per cent that month, to the International Air Transport Association.
The last quarter of 2009 and early signs in 2010 gives an indication that the worst could be over, if the present growth is maintained, the Indian aviation sector is on a strong path of recovery by the beginning of 2011.
However, Air India is still struggling amid the upturn as its debt had more than doubled after paying for 100 odd new planes. The government last month approved Rs 800cr cash injection into Air India.
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