Thursday, August 29, 2019

Air India expects to report operating profit again: CMD

New Delhi: Enhancements in operating efficiency and better aircraft utilisation have aided Air India to reduce its losses during the first quarter of the current fiscal.
According to Chairman and Managing Director (CMD) of Air India, Ashwani Lohani, passenger revenues during the first 4 months of the current fiscal year grew by 20 per cent.
Lohani was speaking at an industry event here.
Similarly, Lohani pointed out that operating profits rose 18 per cent on a Year-on-Year (YoY) basis.
The national carrier's load factors have risen to 82 per cent on a year-on-year basis.
29/08/19 Economic Times
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