The company did very well for Q3FY13. It showed a 37% increase in revenue at Rs. 1,603 crore on a 29% increase in passenger yields at Rs.4,412 from Rs. 3,421  on YoY. The 7% YoY rise in passenger traffic is bolstered the performance. It ended the quarter with a net profit at Rs.102 crore compared to a net loss of Rs. 39 crore in Q3FY12. Fuel cost as a proportion fell to 45% of the total revenue in the current quarter as against 50% in the comparable quarter for the previous year. The company showed a 18% growth of Available Seat Kilometers and 25% growth in number of departures. It currently has a 19.20% of market share in Indian domestic market. International routes helped this performance with the company seeing a 80% growth in number of passengers.

Thus focus on international route and regional routes have helped the company turnaround. Thanks to one competitor less, the company’s load factor which was at 66% in Q2 went up to 75% in current Q3. The company recently announced low fare schemes for a limited period across all Indian sectors, some fares going as low as Rs.2000. The company hopes that this is push up revenue in the lean months – February and March and in turn give better load factor.