Air India Express posts net profit of Rs 262 cr in FY18
Air India Express, the low-cost international arm of national carrier Air India, has reported an 11 per cent dip in net profit at Rs 262 crore in fiscal 2018, impacted by high fuel cost and sluggish growth in the Gulf economies, but could still remain profitable for the third successive year.
The Kochi-headquartered airline had posted a net profit of Rs 296.7 crore in fiscal 2017. Image Source: Official Website