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Air India likely to report Rs 300 cr operating profit this year

IBEF:  March 29, 2017

New Delhi: Air India is expected to report an operating profit of Rs 300 crore (US$ 46.18 million) in the current fiscal year 2016-17. This is a result of overall improvements in the operational and financial performance, which is also helping in reducing the airline’s net losses. According to the provisional figures of 2016-17, the airline is projected to have an operating profit of Rs 300 crore(US$ 46.18 million), and net loss after tax of Rs 3,643 crore (US$ 560.9 million), as compared to an operating profit of Rs 105 crore (US$ 16.16 million), and a net loss after tax of Rs 3,836.77 crore (US$ 590.72 million) in the previous fiscal year 2015-16.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.