‘Air India likely to be worst performer in 2012-13'

New Delhi: In the 12 months ending March 31, 2013, Air India is once again expected to be the worst performer in the industry and to report a loss of Rs 700 crore.
This has been brought out in the report ‘India Outlook 2012/13' prepared by the Centre for Asia-Pacific Aviation. The study shows that Kingfisher Airlines is projected to lose Rs 120-140 crore, although the remaining four private carriers combined could post a modest profit of approximately Rs 110 crore.
The estimates are based on assumptions for the whole year of an average brent crude price of $120-125 a barrel, and an exchange rate of Rs 51-52 to the dollar.
Although the troubles facing Air India and Kingfisher Airlines have been positive for all of the other carriers, Jet Airways has been, and will continue to be, the largest beneficiary, the study states.
23/05/12 Business Line

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Categories: Air India May 2012