New Delhi: Loss-making Air India may now see light at the end of a long tunnel as it is likely to register cash positive this financial year even though it would continue to make an overall loss, official sources said today.
"The national carrier might report EBITDA positive performance in 2012-13 as its financial performance has shown considerable improvement due to the implementation of the Turnaround and Financial Restructuring Plans," one of the sources said.
However, in its overall performance, the airline would show losses, the sources said, adding that though Air India was still suffering losses, its performance has improved and it has returned some of the loans taken from banks.
EBIDTA (earnings before interest, taxes, depreciation and amortisation) is an approximate measure of a company's operating cash flow.
02/01/13 Economic Times
