Air India Posts Rs. 105 Crore Operating Profit


First time since the merger of Air India and erstwhile Indian Airlines, the national carrier has posted an operating profit in financial year 2015-16.

The state-owned flag carrier has reported an operating profit of Rs 105 crore in the last fiscal thanks to lower fuel prices and a sharp rise in passenger traffic.

In sharp contrast, the airline had reported an operating loss of Rs 2,636 crore in 2014-15.

“These are excellent numbers considering that Air India, unlike private airlines, is saddled with legacy issues. AI chief Ashwani Lohani has done a brilliant job in a short time and needs to get all possible support from the government,” said aviation expert Rajji Rai.

The Air India board approved the financial numbers for 2015-16 on Friday. “This is the first time since 2007 that the national carrier has made an operating profit,” said a senior official.

Team DefenceAviationPost

Team DefenceAviationPost covers all facets of news emanating from the corridors of Defence and Aviation and is led by its Founder&Editor, Anupama Airy, a senior journalist who had spent over 23 years in active print journalism, working in mainline financial and national dailies.

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