Air Deccan''s Q1 earnings report highest loss ever
03 Nov 2007
1
Bangalore: A lean
passenger season, softening ticket yields coupled with the costs of an ongoing
merger have resulted in India''s biggest low-cost airline, Air Deccan, posting
its largest ever quarterly net loss of Rs253.18 crore in the July-September period.
This is nearly six times the loss in the year-ago period.
The losses in the comparable period last year were markedly less mainly because the airline then had seen a one-time income from outside sources made on asset sales.
Deccan Aviation Ltd, the airline''s parent company, has been in transition after United Breweries (Holdings) Ltd bought out a 26% stake in the airline on 1 June.
