Air Deccan parent Deccan Aviation reported a INR96.4 million ($2.2 million) net profit in the three months ended Dec. 31, its first profit since going public last summer, Reuters reported. The company lost INR429.4 million in the September quarter and INR3.4 billion in the 15 months ended June 2006, the news agency said. Last quarter's revenues of INR6.37 billion were boosted by the $100 million October sale of delivery rights to 60 A320s (ATWOnline, Oct. 16, 2006) and a 4% rise in yields.

Subscribe to Access this Entire Article

"Air Deccan parent posts first quarterly profit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.