Its consolidated revenue of Rs 32.6 crore for the quarter ended June 30, 2008, was up 41 per cent as compared to Rs 23 crore during the previous year.
Vipul Jain, CEO and Managing Director said "The airline industry is in what IATA is calling "The Perfect Storm". The high fuel prices combined with fears of economic slowdown are hurting airlines badly, with the industry expected to have losses of $ 2.3 billion in 2008. Crises are opportunities to drive bold changes