Thursday, May 03, 2012

'Indian air carriers suffered Rs 19,000 cr loss in 2008-11'

New Delhi: Indian air carriers have incurred operational losses of around Rs 19,000 crore between 2008-11, Civil Aviation Minister Ajit Singh said Thursday.
"In 2011-12, Rs 10,000 crore loss is anticipated," Singh said in a written reply in Rajya Sabha.
The figures are based on the returns filed by airlines with the Directorate General of Civil Aviation (DGCA). Low cost carrier, IndiGo, is the only airline which has not registered loss during the period.
Singh said national carrier Air India has incurred Rs 5,548.26 crore losses in 2008-09, Rs 5,552.44 crore in 2009-10 and Rs 6,865.17 crore in 2010-11.
03/05/12 PTI/Zee News

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