Strike fails to affect Air India revenues in Q1

The carrier's top line rose 3% in June over the same period last fiscal, notwithstanding the fact that it operated a truncated flight schedule on the international network during the entire month

Mumbai: Despite the two-month-long strike by a section of its pilots, the state-owned Air India saw its revenues rise 21% in the April-June quarter, reports PTI.

 

The carrier's topline rose 3% in June over the same period last fiscal, notwithstanding the fact that it operated a truncated flight schedule on the international network during the entire month, officials said.

 

"Our performance has been good on several parameters, both on quarter-on-quarter as well as month-on-month basis. Our overall revenue rose 20.8% in the April-June quarter to Rs2,900 crore, from Rs2,400 crore in the year-ago quarter," an official said.

 

Over 400 pilots of the now derecognised Indian Pilots Guild went on a strike on 7th May. It ended on 3rd July.

 

The strike had forced the management to operate only profitable routes, causing revenue loss of Rs600 crore.

 

The seat factor during the period also rose 3%, the official said, adding that yield per seat shot up 26% in June as ticket prices went up by about 10-20% across the board due to the holiday rush.

 

The national carrier has a Rs67,000 crore debt pile, including Rs24,000 core accumulated losses.

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