Air India cuts int’l sector losses

Mumbai: Air India’s losses in the international sector have come down from Rs 1100 crore to Rs 500 crore, while on the domestic sector the airline is making a cash profit of Rs 87 crore, according to MoS for civil aviation Praful Patel.
Speaking to journalists in Mumbai on Friday, the minister said that the overall parameters of change at Air India are “encouraging”. “The daily revenue has increased by Rs 5 crore, the load factor has increased by 5 per cent, yield has increased by 13 per cent. Inspite of discontinuing some freight services, cargo revenue has increased,” he said.
30/10/10 Indian Express

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Categories: Air India - International Oct 2010, NACIL Oct 2010