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.

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