Air Deccan flies into profit zone

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.

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.

Click for complete article

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: