Air India shows good financial results

Air India has reported strong financial results for December 2010, posting a record cash profit compared with the previous month.

The Indian carrier revealed it had an operating surplus of Rs 49.48 crore (£6.6 million) in the final month of last year.

In November, the airline had made a profit of Rs 21.66 crore.

According to Air India, this boost in income can be attributed to a "significant improvement in efficiency parameters" and the take-up of "better yield management strategies".

News Reference

Jet Airways reports 'robust' growth

Jet Airways has posted a pre-tax profit of Rs 2.4 billion (£32.5 million) for the third quarter of its financial year.

The private Indian airline had an 18.8 per cent increase in total revenues for the three months ending on December 31st 2010.

Passenger growth in this quarter, compared to the same period in 2009, stood at 15 per cent.

The company, which is India's largest airline group, has attributed its "buoyant" results to the growth in global business and leisure travel.

In addition, it cited "customer-centric product innovations" as another reason for its third quarter success.

News Reference

Indian airline plans new flight agreement

Indian airline Kingfisher Airlines is to form a new code-share agreement with American Airlines in 2011.

The deal means that American Airlines will be able to put its code on Kingfisher Airlines domestic flights within India as well as on flights to Delhi and Mumbai from London Heathrow.

In return, Kingfisher Airlines will be able to code-share on American Airline flights to Delhi from Chicago and some services between the US and London.

News Source