prasad1
Active member
NEW DELHI: Air India makes money on only nine of the 370 daily flights it operates. The government on Tuesday told Parliament that only three international — none on the Europe and US routes — and six domestic AI flights — no metro route — are profitable.
AI's profitable international flights are between Cochin-Kozhikode-Jeddah; Kozhikode-Sharjah and Kolkata-Yangon. The profitable domestic ones are between Delhi-Leh; Delhi-Kolkata; Leh-Jammu; Delhi-Srinagar; Srinagar-Leh and Delhi-Hyderabad-Vijayawada.
With almost 97.5% of its flights not profitable, AI's financials are in the doldrums. Minister of state for aviation Mahesh Sharma told Parliament on Tuesday that AI suffered a loss of Rs 7559.7 crore in 2011-12; Rs 5490.2 crore in 2012-13 and Rs 5,388.8 crore in 2013-14 (provisional). The minister disclosed that AI'a loan balance on October 31, 2014 was Rs 52237 crore, with Rs 23,358 crore being aircraft loan and the remaining Rs 28,879 crore was working capital loan.
With such financials, the airline saw 50 pilots resigning this year. "AI has an acute shortage of cabin crew for both domestic and international routes," the minister said for the airline that operates to 34 international destinations in 24 countries and to 64 domestic destinations.
Why rich people are getting subsidized Air Tickets, at the expense of poor people? Increase the price, or make air India more productive. The best solution would be to sell it to a private operator.
AI's profitable international flights are between Cochin-Kozhikode-Jeddah; Kozhikode-Sharjah and Kolkata-Yangon. The profitable domestic ones are between Delhi-Leh; Delhi-Kolkata; Leh-Jammu; Delhi-Srinagar; Srinagar-Leh and Delhi-Hyderabad-Vijayawada.
With almost 97.5% of its flights not profitable, AI's financials are in the doldrums. Minister of state for aviation Mahesh Sharma told Parliament on Tuesday that AI suffered a loss of Rs 7559.7 crore in 2011-12; Rs 5490.2 crore in 2012-13 and Rs 5,388.8 crore in 2013-14 (provisional). The minister disclosed that AI'a loan balance on October 31, 2014 was Rs 52237 crore, with Rs 23,358 crore being aircraft loan and the remaining Rs 28,879 crore was working capital loan.
With such financials, the airline saw 50 pilots resigning this year. "AI has an acute shortage of cabin crew for both domestic and international routes," the minister said for the airline that operates to 34 international destinations in 24 countries and to 64 domestic destinations.
Why rich people are getting subsidized Air Tickets, at the expense of poor people? Increase the price, or make air India more productive. The best solution would be to sell it to a private operator.
