Air India announced a loss of INR14.74 billion ($316.8 million) in its fiscal third quarter ended Dec. 31, 2009, a 9.7% improvement from the INR16.32 billion deficit reported in the year-ago period. It cited a 24.8% increase in passenger numbers to 3.2 million and a 14.4-point surge in load factor to 69.7% as drivers of the improvement. Revenue rose 3% to INR38.52 billion, a "modest" performance resulting from "low yields on both the domestic and international routes due to market ...

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