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Journalism of Courage
The Vijay Mallya-led Kingfisher Airlines led the chart of the loss-making carriers by reporting a massive Rs 1,602 crore in losses in 2008-09,followed by Jet Airways with a loss of Rs 1,032 crore.
However on the positive side,the low-cost operators –IndiGo and Paramount Airways– managed to register profit during the last fiscal,despite a negative growth of 4.66 per cent in the aviation sector in 2008.
The balancesheet of IndiGo was in the green with a profit of Rs 82.16 crore while the Chennai-based Paramount had a profit of Rs 7.26 crore,Patel said in a written reply to a question in the Lok Sabha.
Other budget airlines – SpiceJet and GoAir- suffered losses of Rs 352.50 crore and Rs 22.55 crore respectively,he added.
Meanwhile,the cash-strapped the national carrier Air India also reported a loss of Rs 2,226 crore during 2007-08,minister said,adding the airline also incurred a loss of Rs 65 crore during the five-day stir by its senior pilots this September protesting against the management decision to slash flying-related allowances and productivity-linked incentives.
In 2008,41.3 million passengers travelled by air compared to 43.3 million the previous year. However,between January and October this year,domestic passenger traffic grew by 3.32 per cent.
