Air India Posts Rs. 105 Crore Operating Profit

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.

Leave a Reply

Your email address will not be published. Required fields are marked *