Tuesday, July 18, 2017

Air India's net loss reduces to Rs 3,643 crore; operating profit rises in 2016-17

New Delhi: Air India's net loss after tax narrowed to Rs 3,643 crore and operating profit rose to Rs 300 crore in the last financial year, the government said today.

The airline saw its total revenue, including exceptional and extraordinary items, increase to Rs 22,146 crore in 2016 -17 period, as per provisional numbers provided by Minister of State for Civil Aviation Jayant Sinha to the Rajya Sabha.

The total revenue stood at Rs 20,524.56 crore in the year-ago period.

The financial position seems to have improved for the airline as it had posted a net loss after tax of Rs 3,836.77 crore and an operating profit of Rs 105 crore in 2015-16 fiscal.

However, the airline's expenditure went up to Rs 25,789 crore in the last financial year, as per the provisional numbers. In 2015-16, the same was lower at Rs 24,361.33 crore.
18/07/17 PTI/Economic Times

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