Air India Express, the low-cost arm of Air India, on Tuesday said it earned a net profit of Rs 169 crore in 2018-19.Revenues grew by 16.07 per cent, going up from Rs 3,620 crore in 2017-18 to Rs 4,202 crores in 2018-19. The number of passengers carried by airline increased by 12 per cent to reach 43.6 lakh from the 38.9 lakh passengers carried in 2017-18."The net profit earned in the last fiscal is particularly significant as the aviation sector had to face many challenges, including high input costs," said its Chief Executive Officer K Shyam Sundar."The unit cost incurred on fuel alone increased by about 35 per cent during this period. The impact of this on profitability was huge as more than 40 per cent of the airline's operating cost was incurred on fuel," he said."Despite this, we were able to drive-in profit by greater utilisation of our assets and resources, like aircraft, manpower and materials. Through concerted cost measures, the airline was able to contain the unit cost ...
