Vistara achieves first net quarterly airline profit
India full-service carrier Vistara reported its first net quarterly airline profit.
The airline crossed the US$1 billion revenue mark and remained EBITDA positive in the current fiscal year.
The airline achieved its highest ever domestic market share of 10.4% in July 2022 and remains the second largest domestic airline
It flew more than 11 million passengers in the calendar year 2022.
Vistara also registered a 11% year-on-year growth in its frequent flyer program – Club Vistara.
It grew its international network by over 180% in 2022, by adding seven additional routes.
It also grew its domestic network by over 50%, by adding six new routes.
Vistara operates hubs at Delhi and Mumbai, and currently operates over100 daily domestic departures.
The airline expanded its fleet size to 53 in 2022.