Monday, March 11, 2013

NEWS | Air India likely to end fiscal with Rs 65 crore

In line with its projections in its turnaround plan, Air India is expected to end the fiscal with a positive EBITDA of Rs 65 crore on the back of higher passenger revenue and yield as well as passengers numbers.

"We are expecting to end the fiscal with a positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of Rs 65 crore. This will come on the back of better yield, increased passenger revenue and seat factor," a source in Air India said.
Though the increase will be a marginal one, they said it would be a big boost as the airline was Rs 2,238 crore EBITDA negative in 2011-12. According to official figures, the ailing national carrier turned EBITDA positive to the tune of Rs 48.75 crore between April and December last year.
In the first nine months of the current fiscal, Air India earned an operating revenue of Rs 11,400.44 crore while its operating expenses were Rs 13,954.47 crore, resulting in an operating loss of Rs 2,554.02 crore, the figures showed.



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