Air India to report operating profit after merger
Published: November 7, 2015 5:10 pm
07 November 2015, Nirapad News: For the first time since its merger, Air India will report an operating profit of about Rs
60 million in the current fiscal, primarily on account of low crude prices and “improved operational efficiency”.
“Air India is going to report operating profit in this financial year (ending March 31, 2016) and is expected to be Rs 60 million,” Civil Aviation Secretary R N Choubey said Friday.
The loss-making national carrier, surviving on a Rs300 billion bailout package, is implementing a turnaround plan. Air India and Indian Airlines merged into one entity in 2007.
“The airline is benefiting from fall in crude oil prices and improved operational efficiency,” Choubey said.
According to him, better on-time performance and increased availability of passenger aircraft have helped in improving operational efficiency.