New Delhi: Air India will report an operating profit in fiscal 2015-16.
Aviation secretary R N Choubey said the airline will have an operating profit of about Rs 6 crore, two years ahead of the target year set for it as per the turnaround plan under which it is getting a Rs 30,000 crore package from the government.
The airline has mainly benefitted from benign oil prices and an improved operational parameters, including enhanced aircraft usage.
"Better on-time performance and increased availability of passenger aircraft have helped in improving operational efficiency," Choubey said.
06/11/15 Saurabh Sinha/Times of India
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Aviation secretary R N Choubey said the airline will have an operating profit of about Rs 6 crore, two years ahead of the target year set for it as per the turnaround plan under which it is getting a Rs 30,000 crore package from the government.
The airline has mainly benefitted from benign oil prices and an improved operational parameters, including enhanced aircraft usage.
"Better on-time performance and increased availability of passenger aircraft have helped in improving operational efficiency," Choubey said.
06/11/15 Saurabh Sinha/Times of India
