After a year of capacity reduction and lackluster growth, domestic carriers are now looking at redeploying the capacity that they had withdrawn last year, through cautiously.
“We would look at adding capacity this year but it would be done very judiciuolsy.The focus is on increasing loads and yields across the network,” Prakash Mirpuri, spokesperson, Kingfisher Airlines , said.
Kingfishers operating profit in the October-December quarter was Rs 11 crore against Rs122 crore losses a year ago. Though the airline continues to be in airline continues to be in red at a net loss of Rs 419.96 crore from Rs 413.39 crore a year ago, there is a hope to perform better as its passenger traffic rose 30.5 per cent.
The number of passengers carried by domestic carriers has grown 8 per cent in 2009, compared to 2009. The airlines carried 445.13 lakh passengers against 412.71 lakh previous year. Industry experts believe this year is going to be the revival year. The past experience has made airlines wiser.” The market
Has started picking up.” Rajeev Batra, executive director, KPMG said, adding airlines would go for stepping up capacity though cautiously .Other private carriers such as Jet Airways .Spice Jet also registered profits. While Jet posted Rs 105.80 crore profits in the third quarter, low-cost carrier Spice Jet’s net profit was Rs108.95 crore.
Globally, the market sentimental is better.” We are forecasting capacity to grow 2.8 per cent globally in 2010.For Asia-pacific, we except capacity to grow 6.4 per cent,” Albert TJoeng manager corporate communicators of International Air Transport Association told Financial Chronicle.
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