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.