New Delhi: At least seven out of ten flights that the beleaguered state-owned carrier National Aviation Company of India Limited (NACIL) operated from April to October 2009 made cash losses, as per figures released by the civil aviation ministry. The carrier has accumulated losses up to Rs 7,200 crore as of March 2009 and is awaiting government bailout to come out of the red. During this period, the carrier operated 192 flights, of which 133 made cash losses and only 59 were able to achieve operation break even, according to the provisional figures provided by civil aviation minister Praful Patel in the Lok Sabha on Thursday. On these loss-making routes — accounting for almost 60-65 per cent of total routes operated by the carrier — Air India lost Rs 1,924 crore in 2007-08.
In 2008-09, these shot up to Rs 3,214 crore as loss-making routes accounted for 70-75 per cent of total routes. For the period April to October 2009, these routes resulted in losses of Rs 1,522 crore. This figure may come down as compared with the previous year as load factors have improved considerably, said a senior ministry official. The Delhi-New York and Mumbai-New York route figures on the list of loss-making routes, official added.
18/12/09 Indian Express
To Read the News in full at Source, Click the Headline
Friday, December 18, 2009
Home »
NACIL Dec 2009
» Flying low, AI lost cash on 7 of every 10 flights in ’09
Flying low, AI lost cash on 7 of every 10 flights in ’09
Friday, December 18, 2009
Related Posts:
FBI yet to make headway in Indian Airlines hijack caseNew Delhi: Success seems to be eluding the US' Federal Bureau of Investigation (FBI) in the hijacking of the Indian Airlines plane in 1999 as even aft… Read More
Jet, Kingfisher, Air India to hike fares by 25% in JanMumbai: Flying in the New Year will be costly. Domestic airlines such as Jet Airways, Air India, Kingfisher Airlines and low-cost carriers are conside… Read More
Kandahar hijack freed Mushtaq Ahmad, but shackled his familySrinagar: Al-Umar Mujahideen still exists, but the outfit has been asked to lie low by Pakistan, claim police.The outfit was floated by Mushtaq Ahmad … Read More
AI to acquire 3 new mid-sized aircraft to get services to MysoreMysore: As stakeholders are batting for commercial launch of Mysore airport, there is good news.Air India has proposed to acquire three mid-sized airc… Read More
Pilot leave grounds AI's Gulf fliersThiruvananthapuram: Over 5,000 Gulf passengers from Kerala have been stranded after Air India ( AI) cancelled 28 of its flights from Kozhikode, a dist… Read More
0 comments:
Post a Comment