Mumbai: Air India has put behind its labour crisis by increasing its market share to over 20 per cent and revenue by 4.5 per cent between April and November, despite reduction in capacity. The airline, which carried a record 50,000 passengers last Saturday, has also lowered its operating losses by Rs 550 crore in the first half of the current financial year (FY13).
However, Air India’s plan to generate positive Ebitda (earnings before interest, taxes, depreciation and amortisation) at the end of the current year will depend on whether it is successful in monetisation of assets and lowering its fuel and wage bill.
With an annual loss of Rs 7,853 crore last year, it had secured a Rs 30,000 crore government bailout that included equity infusion, cash support and debt restructuring.
26/12/12 Aneesh Phadnis.Business Standard
