Mumbai: National carrier Air India is showing signs of improvement and is likely to do a financial turnaround by 2017, reveals the Economic Survey 2015. The study was released last week, a day ahead of the Union Budget.
The development comes close on the heels of the latest quarterly result of the airline, declaring a profit of Rs14.6 crore, riding on the falling aviation turbine fuel (ATF) prices – the rates have fallen by more than 50 per cent over the past year.
AI's total revenue rose by 6.5% to Rs2,070 crore during December 2014 as compared to Rs1,944 crore in the same period the previous year, an airline official said.
The survey revealed that during 2014-2015, the airline ferried about 169.47 lakh flyers, while 154.06 lakh passenger used the airline during the previous year.
05/03/15 Shahkar Abidi/Daily News & Analysis
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The development comes close on the heels of the latest quarterly result of the airline, declaring a profit of Rs14.6 crore, riding on the falling aviation turbine fuel (ATF) prices – the rates have fallen by more than 50 per cent over the past year.
AI's total revenue rose by 6.5% to Rs2,070 crore during December 2014 as compared to Rs1,944 crore in the same period the previous year, an airline official said.
The survey revealed that during 2014-2015, the airline ferried about 169.47 lakh flyers, while 154.06 lakh passenger used the airline during the previous year.
05/03/15 Shahkar Abidi/Daily News & Analysis
