Air India Express
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About Air India Express
Air India Express is an Indian low-cost airline headquartered in Kochi, Kerala. It is operated by Air India Express Limited, a wholly owned subsidiary of Indian flag carrier airline Air India. It operates around 649 flights per week to 33 destinations including the Middle East and Southeast Asia.
The airline carries around 4.3 million passengers every year connecting 140 city pairs. It has secondary hubs in Thiruvananthapuram, Kannur, Tiruchirappalli, Kozhikode and Mangaluru.
Air India Express Features
As per the audited accounts approved by the Airline’s Board of Directors on 27 October 2020, the Airline’s operating revenues grew by over 25% from ₹4,172 crore (US$520 million) in fiscal year 2018–19 to ₹5,219 crore (US$650 million) in fiscal year 2019–20. It is worth noting that the revenue growth was achieved despite the adverse market conditions due to the onset of COVID-19 during the last quarter of the fiscal.
On 9 November 2018, the airline posted a net profit of ₹262 crore (US$33 million), the third consecutive year that it reported a profit, and registering an operating profit for the previous five years.
As per the accounts placed and approved by the airline's board of directors, Air India Express made a net profit of ₹296.7 crore (US$37 million) in fiscal year 2016–17. The revenues increased by 14% recording a total revenue of ₹3,335 crore (US$420 million) Average daily aircraft utilization rose to 12.2 hours from 11.3 hours. The capacity offered by the airline went up by 33%; the fleet size progressively increased from 17 to 23 aircraft; and the number of passengers carried increased by 22%, to 3.42 million from 2.8 million in 2015–16.
On 3 September 2016 the company announced that it had earned a net profit for the first time since its inception. As per accounts placed and approved by the airline's board of directors, the airline made a net profit of 3,616,800,000 ₹ or ₹361.68 crore (US$45 million) in fiscal year 2015–16 against a loss of ₹ 61 crores (or 61,000,000) registered in fiscal year 2014–15. In the fiscal year 2015–16, the airline witnessed a passenger load factor of 82.3% against 81.4% in the previous year, while average daily aircraft utilization rose to 11.3 hours from 10.8 hours. The airline carried around 2.80 million passengers against 2.62 million carried in the previous year.
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Company Contact Number: 00914440013001 / 00914424301930