Mumbai: Wadia group-promoted budget carrier GoAir today said it expects to sustain profitability in FY'14 because of strong growth in the April-June period and good performance expected in the current quarter.
"We delivered a profit last financial year. The first quarter (of 2013-14 fiscal) was the best in terms of profitability for GoAir. Certainly the second quarter was a challenging one. We are confident to deliver good result for the entire financial year," GoAir chief executive Girgio De Roni said here.
He was speaking at a function which was part of the 109th birth anniversary celebrations of JRD Tata, jointly organised by Air India and JRD Tata Memorial Trust.
"However, the airline will have to deploy all efforts to maintain the bottom-line," De Roni said, adding that the January-March quarter will be the challenging one.
The Mumbai-based carrier, with market share of around 8 per cent, reported profit of Rs 104.34 crore in FY'13, compared with the Rs 133.72-crore loss in the previous year.
Read News in full21/12/13 PTI/Financial Express
No comments:
Post a Comment