Air India reveals first operating profit of Rs. 105 crore in 2015-16 fiscal

October 15, 2016 8:05 pm
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Air India for the first time in a decade, has revealed an operating profit of Rs. 105 crore in the last fiscal aided by lower fuel costs and rise in passenger numbers. This is the first time since 2007 when the erstwhile Indian Airlines was merged with Air India that the national carrier has announced an operating profit. The Air India, which is working on ways to improve its financials, had an operating loss of Rs. 2,636 crore in 2014-15. In 2015-16, Air India carried 18 million passengers, registering a growth of 6.6 percent. In the comparable period, the same stood at 16.88 million. Air India is staying afloat on a Rs. 30,000-crore bailout extended by the government.

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