Highlights

  • Vistara turns profitable for first time
  • Airline started operations on January 9, 2015
  • Airline currently has a fleet of 52 planes

Latest news

India sends 4th IAF aircraft to Turkey with relief materials, medical team, relief equipment

India sends 4th IAF aircraft to Turkey with relief materials, medical team, relief equipment

Sidharth Malhotra-Kiara Advani wedding: First pics are out; couple seeks blessings

Sidharth Malhotra-Kiara Advani wedding: First pics are out; couple seeks blessings

OnePlus 11 is launched in India at ₹56,999

OnePlus 11 is launched in India at ₹56,999

 OnePlus Pad Announced at Cloud 11 Event!

OnePlus Pad Announced at Cloud 11 Event!

OnePlus launches OnePlus 11R at the Cloud 11 event

OnePlus launches OnePlus 11R at the Cloud 11 event

This Indian airline has turned profitable for the first time since 2015

Vistara, which has more than 5,000 employees and operates close to 8,500 flights per month, had a domestic market share of 9.2 per cent in December 2022

Full service carrier Vistara on Monday said it reported a profit for the first time since inception in the three months ended December 2022.

Without disclosing the exact profit figure in the December quarter, the airline said it crossed the USD 1 billion revenue mark and remained EBITDA positive in the current fiscal year.

EBITDA refers to Earnings Before Interest, Taxes, Depreciation and Amortisation.

"For the first time since inception, the airline reported a net profit (excluding unrealised foreign currency loss and non-operating income) for the quarter ended December 2022," it said in a release.

A joint venture between Tata Sons and Singapore Airlines, the airline started operations on January 9, 2015, and currently has a fleet of 52 planes.

Vistara CEO Vinod Kannan said with significant network and fleet expansion and sustained growth over the last few months, 2022 has been a phenomenal year for Vistara in terms of operational and financial performance.

"Each member of the Vistara family is incredibly proud of our collective achievements in an extremely challenging business environment that included the third wave of pandemic and escalating costs. We are now aiming for higher goals as we enter the next phase of our growth journey," he said.

The airline -- which has more than 5,000 employees and operates close to 8,500 flights per month -- had a domestic market share of 9.2 per cent in December 2022.

In November last year, Singapore Airlines said Vistara will be merged with Tata group-owned Air India.

Up Next

This Indian airline has turned profitable for the first time since 2015

This Indian airline has turned profitable for the first time since 2015

On IndiGo flight, woman falls ill, dies while being rushed to hospital after emergency landing: reports

On IndiGo flight, woman falls ill, dies while being rushed to hospital after emergency landing: reports

'Illegal cash' inside dress inside bag at Delhi airport: CISF busts ₹50 lakh stash

'Illegal cash' inside dress inside bag at Delhi airport: CISF busts ₹50 lakh stash

Cancer patient alleges mistreatment; American Airlines responds

Cancer patient alleges mistreatment; American Airlines responds

Cancer patient offloaded from New York-bound flight in Delhi; DGCA orders probe

Cancer patient offloaded from New York-bound flight in Delhi; DGCA orders probe

Fire in engine of Air India Express plane; flight abandons Kozhikode plan, returns to Abu Dhabi airport

Fire in engine of Air India Express plane; flight abandons Kozhikode plan, returns to Abu Dhabi airport

More videos

Boeing delivers last 747: all you need to know about the iconic plane

Boeing delivers last 747: all you need to know about the iconic plane

'No basic wheelchair to take passenger': BJP leader Khushbu Sundar slams Air India

'No basic wheelchair to take passenger': BJP leader Khushbu Sundar slams Air India

'Drunk' woman passenger arrested for assaulting crew, walking semi-naked on Vistara flight

'Drunk' woman passenger arrested for assaulting crew, walking semi-naked on Vistara flight

Pilot killed as Sukhoi, Mirage fighter jets crash in MP, IAF orders inquiry

Pilot killed as Sukhoi, Mirage fighter jets crash in MP, IAF orders inquiry

Sukhoi, Mirage fighter jets crash: what we know so far

Sukhoi, Mirage fighter jets crash: what we know so far

Air India urination row: accused Shankar Mishra moves court for bail

Air India urination row: accused Shankar Mishra moves court for bail

Airlines to reimburse 75% of ticket amount on downgraded tickets for this reason

Airlines to reimburse 75% of ticket amount on downgraded tickets for this reason

Germany: all flights cancelled at Berlin airport as ground staff stages strike for higher pay

Germany: all flights cancelled at Berlin airport as ground staff stages strike for higher pay

Urination row: Air India closes internal probe, to assist pilot in appeal against license suspension

Urination row: Air India closes internal probe, to assist pilot in appeal against license suspension

Air India fined by DGCA again for not reporting incidents on Paris-New Delhi flight

Air India fined by DGCA again for not reporting incidents on Paris-New Delhi flight

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.