Air India likely to report Rs 8-10 crore profit for first time since merger

April 19, 2016 15:31

Air India is expected to report an operating profit of Rs 8-10 crore in FY 16, the first since the erstwhile Indian Airlines was merged with it in 2007, a senior executive confirmed to FE. Consequently, the state-run carrier's losses would be limited to around Rs 2,600-2,800 crore, significantly lower than in FY15 when they were Rs 5,574.47 crore.

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