Air India likely to report INR80m-100m profit for first time since merger
Air India is expected to report an operating profit of INR80m-100m in FY16, the first since the erstwhile Indian Airlines was merged with it in 2007, a senior executive confirmed. Consequently, the carrier’s losses would be limited to around INR26b-28b, significantly lower than in FY15 when they were INR55.74b. “This is the first year since the merger that we will make a small operating profit,” the executive observed, adding that the airline is looking to add flights both on international and domestic routes. Air India’s revenues for FY16, however, are expected to remain flat since yields on both domestic and international routes have fallen following lower ticket prices. In FY15, Air India reported revenues of INR197.81b and an operating loss of INR21.71b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-20/star/air-india-likely-to-report-inr80m-100m-profit-for-first-time-since-merger
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Air India likely to report INR80m-100m profit for first time since merger
Air India is expected to report an operating profit of INR80m-100m in FY16, the first since the erstwhile Indian Airlines was merged with it in 2007, a senior executive confirmed. Consequently, the carrier’s losses would be limited to around INR26b-28b, significantly lower than in FY15 when they were INR55.74b. “This is the first year since the merger that we will make a small operating profit,” the executive observed, adding that the airline is looking to add flights both on international and domestic routes. Air India’s revenues for FY16, however, are expected to remain flat since yields on both domestic and international routes have fallen following lower ticket prices. In FY15, Air India reported revenues of INR197.81b and an operating loss of INR21.71b. <br/>
