London: Beleaguered Air India's fortunes seem to be shoring up with the airline estimating that its total revenue would go up 20 percent by the end of the current financial year.
The national carrier's total revenue is expected to go up from Rs 16,130 crore in 2012-13 to Rs 19,393 crore in 2013-14, Civil Aviation Minister Ajit Singh said at a function here to celebrate completion of Air India's 65 years of service on the London route.
Reflecting a turnaround earlier than planned, the airline is determined to achieve the target of growing its operating revenue to by over 20 percent, Singh said.
According to the minister, Air India also estimates that its EBITDA (earnings before interest, taxes, depreciation and amortisation) would increase from Rs 19.45 crore in 2012-13 to Rs 1,040 crore in the current fiscal.
10/06/13 ZeeNews
To Read the News in full at Source, Click the Headline
The national carrier's total revenue is expected to go up from Rs 16,130 crore in 2012-13 to Rs 19,393 crore in 2013-14, Civil Aviation Minister Ajit Singh said at a function here to celebrate completion of Air India's 65 years of service on the London route.
Reflecting a turnaround earlier than planned, the airline is determined to achieve the target of growing its operating revenue to by over 20 percent, Singh said.
According to the minister, Air India also estimates that its EBITDA (earnings before interest, taxes, depreciation and amortisation) would increase from Rs 19.45 crore in 2012-13 to Rs 1,040 crore in the current fiscal.
10/06/13 ZeeNews
