Live
- ICC Champions Trophy 2025 Schedule: India vs Pakistan Match Set for February 23 in Dubai
- Champions Trophy 2025: Full Schedule, Match Dates, Venues, Timings, and Updates
- FRAI Urges Government to Provide Technology Platform for Kirana Stores to Stay Competitive
- Not just Gen Z, millennials too: Redditors discuss the wave of pet parenthood embraced by young Indians
- Innovation can expedite the journey to a Smoke-Free future- in focus at Technovation Abu Dhabi
- Pramod Kumar Voola: Pioneering ethical AI and innovation in healthcare technology
- Rahul Vadisetty: Harnessing AI to revolutionize predictive healthcare
- Interview with Sukumar Bisetty: Driving business transformation with technology
- Kerala Man Arrested in Mangaluru for ₹10.84 Lakh Investment Scam
- Kerala Youth Arrested for Cyber Fraud of ₹1.71 Crore in Mangaluru
Air India expects to report operating profit again: CMD
Enhancements in operating efficiency and better aircraft utilisation have aided Air India to reduce its losses during the first quarter of the current fiscal.
New Delhi: nhancements 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.
Consequently, the airline's losses went down from Rs 802 crore to Rs 170 crore on a YoY basis.
"We expect to achieve a healthy operating profit this year as well," Lohani said.
Air India has been reporting operating profit for the last 3-years.
