New Delhi: Air India is likely to come out of its precarious financial position this financial year with a positive cash flow, as its performance has improved considerably, the Economic Survey said today.
"It is expected that the company will achieve positive EBIDTA (earnings before income, taxes, depreciation and amoritization) in the results for the Financial Year 2012-13," the government's key economic document, tabled in Parliament, said.
It said the national carrier had registered "an all-round enhanced performance" like on-time performance at 85 per cent, passenger load factor at 70.9 per cent and yield at Rs 4.31 per revenue passenger kilometre.
"For the first half of the year, performance has been in line with the target set in the Turnaround Plan," it said.
27/02/13 PTI/Business Standard
