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Air India cuts losses significantly in FY16

The airline cut its losses significantly to Rs 3,837 cr in FY16 as compared to Rs 5,859 cr in the previous fiscal, a steep fall of 34%

BS Reporter  |  New Delhi 

Helped by low fuel price and higher aircraft utilisation, state-run carrier Air India has an operating profit of Rs 105 crore during the 2016 fiscal. This is the first time the airline has made operating profit since it was merged in 2007. The results were approved by the board today. The airline cut its losses significantly to Rs 3,837 crore in FY 16 as compared to Rs 5,859 crore in the previous fiscal- a steep fall of 34 percent. "Operating profits - Earnings before interest - cost improved in 2015-16 from a loss of Rs 2,636 crore in 2014-15 to a marginal profit of Rs ...

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Air India cuts losses significantly in FY16

The airline cut its losses significantly to Rs 3,837 cr in FY16 as compared to Rs 5,859 cr in the previous fiscal, a steep fall of 34%

The airline cut its losses significantly to Rs 3,837 cr in FY16 as compared to Rs 5,859 cr in the previous fiscal, a steep fall of 34% Helped by low fuel price and higher aircraft utilisation, state-run carrier Air India has an operating profit of Rs 105 crore during the 2016 fiscal. This is the first time the airline has made operating profit since it was merged in 2007. The results were approved by the board today. The airline cut its losses significantly to Rs 3,837 crore in FY 16 as compared to Rs 5,859 crore in the previous fiscal- a steep fall of 34 percent. "Operating profits - Earnings before interest - cost improved in 2015-16 from a loss of Rs 2,636 crore in 2014-15 to a marginal profit of Rs ... image
Business Standard
177 22

Air India cuts losses significantly in FY16

The airline cut its losses significantly to Rs 3,837 cr in FY16 as compared to Rs 5,859 cr in the previous fiscal, a steep fall of 34%

Helped by low fuel price and higher aircraft utilisation, state-run carrier Air India has an operating profit of Rs 105 crore during the 2016 fiscal. This is the first time the airline has made operating profit since it was merged in 2007. The results were approved by the board today. The airline cut its losses significantly to Rs 3,837 crore in FY 16 as compared to Rs 5,859 crore in the previous fiscal- a steep fall of 34 percent. "Operating profits - Earnings before interest - cost improved in 2015-16 from a loss of Rs 2,636 crore in 2014-15 to a marginal profit of Rs ...

image
Business Standard
177 22