Vistara reports first profit since inception, crosses $1 billion revenue mark

Full-service carrier Vistara, a joint venture of Tata Sons and Singapore Airlines, reported a net profit for the quarter that ended in December 2022, its first since its inception. It also crossed the $1 billion revenue mark for the quarter. The profit excluded unrealised foreign currency loss and non-operating income. The earnings before interest, tax, depreciation and amortization (EBITDA) was also in the positive for this fiscal year.