New Delhi: Unexpected steep rise in jet fuel prices coupled with devaluation of rupee are adding a burden of almost Rs 100 crore every month to the expenses of state-owned Air India.
But the national carrier is hopeful that it will tide over the situation and meet the financial targets set by the government under the turnaround plan.
"We expect a burden of Rs 100 crore every month due to devaluation of the rupee and wild fluctuation in its value and the unexpected increase in the ATF cost this year," Air India CMD Rohit Nandan said on the sidelines of a function to launch the new Air India-SBI co-branded credit card.
17/09/13 PTI/Business Standard
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But the national carrier is hopeful that it will tide over the situation and meet the financial targets set by the government under the turnaround plan.
"We expect a burden of Rs 100 crore every month due to devaluation of the rupee and wild fluctuation in its value and the unexpected increase in the ATF cost this year," Air India CMD Rohit Nandan said on the sidelines of a function to launch the new Air India-SBI co-branded credit card.
17/09/13 PTI/Business Standard
