Indian Airlines said it posted a record net profit of INR656.1 million ($14.8 million) in FY05, a 48.5% increase over the previous fiscal year's profit of INR441.7 million. The carrier reported that earnings were driven by an increase in traffic, which lifted total revenue to INR53.63 billion from INR47.26 billion in FY04. Indian said "strict cost control measures" adopted during the year saved it INR765.9 million.
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