Swipe through the latest business and wealth clues with our android app

Air India posts Rs 4,600cr operating loss in 2018-19; aims operating profit this fiscal

Air India posted an operating loss of around Rs 4,600 crore in 2018-19 mainly due to higher oil prices and foreign exchange losses. However, the debt-laden national carrier expects to post an operating profit of Rs 700-800 crore in 2019-20. The airline's net loss stood at about Rs 8,400 crore while total revenues touched around Rs 26,400 crore last fiscal. The airline has a debt burden of more than Rs 58,000 crore while the annual outgo is more than Rs 4,000 crore.

Read More at Moneycontrol News date : 16 Sep 2019, Monday

©2019 TheNewsClues