Saturday, October 15, 2016

Air India posts operational profit for first time in 8 years

Air India posted an operational profit of Rs.105 crore in 2015-16 compared with an operational loss of Rs.2,636 crore in 2014-15 due to an increase in traffic growth.

This is the first time the national carrier has posted an operational profit since it was merged with erstwhile Indian Airlines in 2007, the financial results of 2015-16 cleared by the airline’s auditors and approved by its Board showed.

A sharp decline in aviation turbine fuel prices helped it bolster operational profit to more than Rs.100 crore in 2015-16 even as the airline was earlier expecting an operational profit of Rs.8 crore.
15/10/16 The Hindu
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