6,994 crore! That's Air India's estimated loss in 2010-11

Air India is estimated to have incurred a loss of Rs 6,994 crore (Rs 69.94 billion) in the year 2010-11 and only two of its 175 domestic and international flight routes were meeting all costs during the April-September period, government said on Thursday.
Replying to several questions about Air India in the Rajya Sabha, Minister of Civil Aviation Vyalar Ravi gave details of the national carrier's financial woes.
"Air India incurred a loss of Rs 5548.26 crore (Rs 55.48 billion) during 2008-09, Rs 5552.55 crore (Rs 55.52 billion) during 2009-10 and the estimated loss for 2010-11 is Rs 6994 crore (Rs 69.94 billion)," Ravi said in reply to a question by Y S Chowdhury.
01/12/11 PTI/Rediff.com

To Read the News in full at Source, Click the Headline

Categories: Air India Dec 2011