Deccan Aviation, which runs budget airline Air Deccan, has posted a net profit of Rs 9.64 crore for the quarter ended December 31, 2006, against a net loss of Rs 33.35 crore for the half-year ended December 31, 2006. | |
| There are no prior-period comparisons as the company was listed in June 2006. |
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| The improved performance was partly on account of other income of Rs 161.93 crore, which included Rs 132.69 crore that accrued as the second tranche of payment on aircraft sale. |
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| The company provided Business Standard with annual comparisons for income from operations, which showed 179.38 per cent growth to Rs 636.82 crore from Rs 228 crore in the corresponding year-ago quarter. |
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| Average yield per passenger grew by 4 per cent to Rs 2,615 in the quarter, against Rs 2,512 for the corresponding year-ago quarter, while the number of passengers flown grew by 97 per cent to 1,645,362 in the reporting quarter. |
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| Seat capacity alone went up by 99 per cent in the period under review. |
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| Capt G R Gopinath, managing director, Air Deccan, told Business Standard: "This shows the strength of middle class India." |
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| The Air Deccan share price went up by 2.65 per cent to close at Rs 151.05 on the BSE today. |
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