Air India Express
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| Commenced operations | 29 April 2005 | ||||||
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| Operating bases | |||||||
| Fleet size | 23 | ||||||
| Destinations | 30 | ||||||
| Company slogan | "Simply PriceLess" | ||||||
| Parent company | Air India Limited | ||||||
| Headquarters | Kochi, Kerala, India | ||||||
| Key people | Ashwani Lohani (Chairman) K. Shyam Sundar (CEO) |
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| Website | www.airindiaexpress.in | ||||||
Air India Express is an Indian Low-cost carrier headquartered in Kochi. It is operated by Air India Charters Limited (AICL), a wholly owned subsidiary of flag carrier airline Air India. It operates nearly 596 flights per week to 30 destinations including the Middle East and Southeast Asia.
Air India Express came to being on 29 April 2005, with the launch of three flights that took off simultaneously from Thiruvananthapuram, Kochi and Kozhikode. The airline was launched as a low-cost carrier (LCC) with the objective of providing convenient connectivity, to short-haul international routes, in the Middle East and Southeast Asia for the Indian expatriate community. Air India Express was Air India’s response to the growing popularity of LCCs worldwide and in the region. Being an LCC, the airline operates point-to-point flights without any hub.
In December 2012, Air India ratified the proposal to move the headquarters to Kochi in January 2013 and for establishing a new MRO base at Thiruvananthapuram. Presently, the airline carries out 596 weekly departures, involving about 1400 flight hours at an average stage length of about 3.75 hours. In terms of capacity, the airline offers about 170 million ASKMs per week. Its distribution system is entirely web-based. The company also launched the Air India Express Mobile App for making and modifying bookings and other customer and in-flight services.
On 3 September 2016 the company announced that it had earned a net profit for the first time since its inception. As per the accounts placed and approved by airline’s Board of Directors (on 31 August 2016), the airline made a net profit of Rs.361.68 Cr. in FY 2015-16 against the loss of Rs. 61 Cr. registered in FY 2014-15. In the FY 2015-16, the airline witnessed a passenger load factor of 82.3% against 81.4% in the previous year, while average daily aircraft utilization rose to 11.3 hours from 10.8 hours. The airline carried around 2.80 million passengers against 2.62 million carried in the previous year. As per a press release dated 30 November 2016, the airline has earned net profit of Rs. 415 Crores, as per the unaudited half yearly accounts placed and approved by the airline’s Board of Directors (on 29 November 2016).The airline has achieved operating revenue of Rs. 1897 Crores against Rs. 1609 Crores, earned in first half of financial year 15- 16. The airline has carried 1.64 million passengers during the period.
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