Vistara Airlines finally sees profit since it began flying in the December 2022

Tata SIA Airlines, a joint venture between Tata Sons and Singapore Airlines operating under Vistara, recorded its first revenue since it began flying domestically and internationally in the December 2022 quarter. The airline’s outer front has crossed the $1 billion mark, and its revenue basket appears to be profitable. However, the airline did not disclose third-quarter profit figures.

According to a Reuters report, Vistara said revenue exceeded $1 billion and posted net income excluding foreign currency losses and non-operating income in the October-December quarter. Profit figures were not disclosed.

Notably, the Tata airline turned profitable when the Tata Group sought to unite its three brands: Vistara, AirAsia and former national airline Air India. The move is to bolster its airline business.

Reuters also reported that Tata will be ordering around 495 new planes for Air India. Air India is revamping its airline and merging with Vistara to create a larger full-service airline to deal with Middle Eastern rivals such as Emirates. .

TATA SIA Airlines is a 51:49 joint venture between Tata Son and Singapore Airlines. The Vistara brand launched operations on 9 January 2015 with the goal of setting new standards for the Indian aviation industry and connecting domestic and international destinations.

Vistara has a fleet of 52 aircraft, including 42 Airbus A320s, 5 Airbus A321neos, 2 Boeing 737-800NGs and 3 Boeing 787-9 Dreamliners, and has flown more than 42 million customers since entering service.

In 2022, Vistara’s international network grew by over 180% and its domestic network by over 50%. Airlines have added new destinations and routes amid a rebound in travel demand following the pandemic.

Last week Vistara announced the addition of Manohar International Airport (Goa, New Goa International Airport) to its domestic network of daily connections to and from Bengaluru, with six weekly flights to and from Mumbai, effective February 14, 2023.

As of December 31, 2022, Vistara’s market share in the domestic airline industry is 9.2%, Air India’s share is about 6.2%, and low-cost airline AirAsia’s market share is 0.6%.

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