For the first time since its merger, Air India will report an operating profit of about Rs six crore in the current fiscal, primarily on account of low crude prices and "improved operational efficiency".
"Air India is going to report operating profit in this financial year (ending March 31, 2016) and is expected to be Rs six crore," Civil Aviation Secretary R N Choubey said on Friday.
The loss-making national carrier, surviving on a Rs 30,000 crore bailout package, is implementing a turnaround plan. Air India and Indian Airlines merged into one entity in 2007.
"The airline is benefiting from fall in crude oil prices and improved operational efficiency," Choubey said.
According to him, better on-time performance and increased availability of passenger aircraft have helped in improving operational efficiency.
According to airline sources, Air India has saved Rs 2,000 crore on account of lower fuel bill.
OTP from these four airports stood at close to 82%, in September 2015.
08/11/15 PTI/Daily News & Analysis
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"Air India is going to report operating profit in this financial year (ending March 31, 2016) and is expected to be Rs six crore," Civil Aviation Secretary R N Choubey said on Friday.
The loss-making national carrier, surviving on a Rs 30,000 crore bailout package, is implementing a turnaround plan. Air India and Indian Airlines merged into one entity in 2007.
"The airline is benefiting from fall in crude oil prices and improved operational efficiency," Choubey said.
According to him, better on-time performance and increased availability of passenger aircraft have helped in improving operational efficiency.
According to airline sources, Air India has saved Rs 2,000 crore on account of lower fuel bill.
OTP from these four airports stood at close to 82%, in September 2015.
08/11/15 PTI/Daily News & Analysis
