State-owned carrier Air India is expected to incur a loss of about Rs 5,400 crore during 2009-10 and the trend of losses is likely to continue for a few more years, Parliament was informed on Tuesday. Thus, the total loss incurred by the airline in the past three financial years is likely to reach Rs 13,174.16 crore.
“Air India has incurred a loss of Rs 2,226.16 crore and Rs 5,548 crore during the financial year 2007-08 and 2008-09, respectively. Air India is expected to incur a loss of Rs 5,400 crore approximately during the year 2009-10,” Civil Aviation Minister Praful Patel said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app