Business

Air India's passenger revenue grows by 20 pc in Q3 of 2018-19

While Air India's passenger count rose by only 4 per cent in the December 2018 quarter, its revenue from passengers increased by 20 per cent on the back of better aircraft utilisation, said a senior official of the company.

'Due to better and efficient utilisation of aircraft fleet, the passenger revenue increased from Rs 4,615 crore in third quarter of 2017-18 to Rs 5,538 crore in third quarter of 2018-19,' the official said.

The official added that the number of passengers has increased to 55.27 lakh during the quarter from 53.28 lakh in the year-ago period. 'This shows that passengers have increased by around 4 per cent...but our ASKM (available seat kilometres) has increased at a much faster rate,' the official said.ASKM indicates the passenger-carrying capacity of an aircraft. It is arrived at by multiplying the number of seats occupied by the distance travelled by the aircraft in kilometres during a particular period.The loss-making Air India is estimated to have a debt burden of over Rs 48,000 crore and the government's efforts for strategic disinvestment of the carrier failed in May last year.  

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