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Vistara made Rs 400 cr loss in FY16

The airline posted a revenue of Rs 713 cr and incurred expenses of Rs 1,113 cr

Aneesh Phadnis  |  Mumbai 

Vistara made a net loss of Rs 400 crore in FY16 on account of higher expenses towards maintenance, ground handling and sales and distribution. The airline's financial results were presented by its management to the board of Tata Sons in June.  Vistara is a joint venture of Tata Sons and Singapore Airlines and began operations in January 2015. It operates over 60 daily flights to 18 destinations. The airline posted a revenue of Rs 713 crore, ten per cent lower than its projections and incurred expenses of Rs 1,113 crore. It made a cash loss of Rs 294 crore and a net ...

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Vistara made Rs 400 cr loss in FY16

The airline posted a revenue of Rs 713 cr and incurred expenses of Rs 1,113 cr

The airline posted a revenue of Rs 713 cr and incurred expenses of Rs 1,113 cr Vistara made a net loss of Rs 400 crore in FY16 on account of higher expenses towards maintenance, ground handling and sales and distribution. The airline's financial results were presented by its management to the board of Tata Sons in June.  Vistara is a joint venture of Tata Sons and Singapore Airlines and began operations in January 2015. It operates over 60 daily flights to 18 destinations. The airline posted a revenue of Rs 713 crore, ten per cent lower than its projections and incurred expenses of Rs 1,113 crore. It made a cash loss of Rs 294 crore and a net ... image
Business Standard
177 22

Vistara made Rs 400 cr loss in FY16

The airline posted a revenue of Rs 713 cr and incurred expenses of Rs 1,113 cr

Vistara made a net loss of Rs 400 crore in FY16 on account of higher expenses towards maintenance, ground handling and sales and distribution. The airline's financial results were presented by its management to the board of Tata Sons in June.  Vistara is a joint venture of Tata Sons and Singapore Airlines and began operations in January 2015. It operates over 60 daily flights to 18 destinations. The airline posted a revenue of Rs 713 crore, ten per cent lower than its projections and incurred expenses of Rs 1,113 crore. It made a cash loss of Rs 294 crore and a net ...

image
Business Standard
177 22