Air India aims to "substantially increase" its operating profit in FY17 on the back of an increase in revenue and better fleet utilisation.
The national carrier made an operating profit of Rs 105 crore in fiscal 2016 its first after the merger in 2007. In FY15 the airline had made an operating loss of Rs 2,636 crore.
Air India chairperson Ashwani Lohani, said: "We are hoping for an increase in revenue despite the pressure on yields. In September our revenue was 5 per cent higher on a year on year basis and we are expecting in an increase in October too. We expect a substantial increase in operating profit over the last year."
Under Lohani, there has been a greater push towards sales, marketing, promotions and brand building. Lohani expects these initiatives will lead to increase in revenue after a near flat growth last fiscal.
18/10/16 Aneesh Phadnis/Business Standard
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The national carrier made an operating profit of Rs 105 crore in fiscal 2016 its first after the merger in 2007. In FY15 the airline had made an operating loss of Rs 2,636 crore.
Air India chairperson Ashwani Lohani, said: "We are hoping for an increase in revenue despite the pressure on yields. In September our revenue was 5 per cent higher on a year on year basis and we are expecting in an increase in October too. We expect a substantial increase in operating profit over the last year."
Under Lohani, there has been a greater push towards sales, marketing, promotions and brand building. Lohani expects these initiatives will lead to increase in revenue after a near flat growth last fiscal.
18/10/16 Aneesh Phadnis/Business Standard
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