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ITDC posts INR 18 cr profit in Q1 FY 2022-23

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The India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a remarkable performance for first quarter of the current financial year 2022-23. The total turnover in quarter ending June 2022 is INR 98.37 cr as compared to INR 47.72 cr in the corresponding quarter last year […]Continue Reading
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Jazeera Airways announces KD3.8 million in net profit in first quarter 2022

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Jazeera Airways announced a net profit of KD3.8 million for the first quarter (Q1) of 2022, compared to a net loss of KD5.2 million in the first quarter of 2021. Total revenue for the quarter reached KD35.7 million, up 339.2%, while operating profit stood at KD5.3 million, up 199.3%. These record earnings were supported by […]Continue Reading
Aviation Top Stories

SriLankan Airlines records first fourth quarter profit since 2006

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SriLankan Airlines records its first profitable fourth quarter (Q4) since 2006 for the financial year that ended on 31 March 2022 with a group net profit of USD 1.7 million despite pandemic challenges. The airline was able to achieve this financial turnaround through various measures in its 2021-22 financial year including scaling down staff costs […]Continue Reading
Aviation Top Stories

Jazeera Airways returns to profitability in record time in 2021 with KD7.1 million; will purchase 28 new aircraft to serve expansion plans

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Jazeera Airways returned to profitability for the year 2021, a period which continued to be affected by the Covid-19 pandemic and restrictions on travel, reporting a net profit of KD7.1 million for the year, up 126.8% from the previous year. The earnings were supported by an increase of 48.2% in the number of passengers flown, […]Continue Reading

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