Higher passenger nos help AI narrow down operating losses

Mumbai: A healthy 14 per cent jump in passenger traffic during the April-January period of this fiscal has helped the ailing national carrier Air India bring down its operating losses by around Rs 1,300 crore, according to a senior airline source.
The national carrier clocked a healthy 14 per cent jump in passenger traffic during the period over the corresponding period of last fiscal, besides improvement in yields, the source, who wished to be unidentified, told PTI here today.
"The airline has shown significant improvement in both financial as well as physical parameters in the April-January period over the same period last fiscal," the source said.
As a result, Air India's operating losses came down by around Rs 1,300 crore, the source said.
However, the airline spokespersaon could not be reached for comments.
It can be noted that there is still a long way to go for the national flag-carrier to fly out of the financial airpocket as it is projected to end this fiscal with a massive Rs 5,400-crore loss--entering the third successive year of loss-making.
10/03/10 PTI/Economic Times

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Categories: NACIL Mar 2010