Air India shows good financial results

The Indian carrier made a profit in December 2010.

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”.

“With the launch of the new state-of-the-art Passenger Service System later this month, we expect a further boost to our efforts to improve our efficiency parameters,” revealed Arvind Jadhav, chairman and managing director of Air India.

The figures come days after another Indian airline posted strong financial results.

Jet Airways reported “robust” growth for the quarter ending December 31st 2010.

Nikos Kardassis, chief executive of the carrier, said: “The airline’s focused approach of innovative marketing, strategic code shares, expanded and growing network coupled with constant product, service and technology innovation have given Jet Airways the requisite growth thrust to stay ahead of competition.”

Written by Erin Marshall