Air India Express, the low-cost international subsidiary of Air India, has turned profitable for the first time since it started operations in 2005. <br/><br/>The airline has made net profit of 361.68 crore rupees in the fiscal year 2015-16 against the loss of Rs. 61 crore registered in the year 2014-15, said an Air India Express release.<br/><br/>K Shyam Sundar, CEO of Air India Express said this turnaround is the outcome of the sustained efforts made by every member of Team Air India Express. <br/>He noted that the capacity offered and the Operating Revenues are expected to go up further by about 25 per cent in the fiscal 2016-17.