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Air India likely to report Rs 300 crore operating profit this fiscal

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vgane

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From being a laggard to a swift performer!! It is still not out of the woods!! It contiunes to post net losses though Operating profits are increasing!!

Air India likely to report Rs 300 crore operating profit this fiscal


Air India had an operating profit of Rs 105 crore and a net loss after tax of Rs 3,836.77 crore. Photo: IANS

By PTI
Updated: Tue, Mar 28, 2017

Air India is projected to post an operating profit of Rs 300 crore in the current fiscal and there is no plan to privatise the airline, the government said today.
"The operating losses of the company have been steadily coming down over the past few years and the same have converted into operating profits," Minister of State for Civil Aviation Jayant Sinha told the Rajya Sabha.
In a written reply, he also said the carrier's net losses are also reducing gradually on account of the overall improvements in the "operational and financial performance".

As per provisional figures for 2016-17, the airline is projected to see an operating profit of Rs 300 crore and net loss after tax of Rs 3,643 crore.
Last fiscal, Air India had an operating profit of Rs 105 crore and a net loss after tax of Rs 3,836.77 crore.



http://www.zeebiz.com/companies/new...-300-crore-operating-profit-this-fiscal-14260
 
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