New Delhi: Despite the steep fall in crude prices, Air India is unlikely to meet its Ebitda (earnings before interest, tax, depreciation and amortisation) target of Rs 1,150 crore for the current financial year.
The airline has registered a shortfall of around Rs 1,500 crore in operating revenues for the nine months ended December 31, 2015. Operational expenses have, at the same time, soared to Rs 16,700 crore leaving the airline with an operational loss of around Rs 1,700 crore.
A senior executive in the airline said on condition of anonymity, “Despite the fall in fuel prices, financials are not looking good. The airline has recorded net loss of around Rs 3,600 crore for the first three quarters of the current financial year. It is unlikely that the Ebitda target can be achieved for the full year.” Air India’s total revenues till December stood at around Rs 16,000 crore, while total expenditure was well over Rs 19,000 crore.
24/03/15 Sharmistha Mukherjee/Financial Express
The airline has registered a shortfall of around Rs 1,500 crore in operating revenues for the nine months ended December 31, 2015. Operational expenses have, at the same time, soared to Rs 16,700 crore leaving the airline with an operational loss of around Rs 1,700 crore.
A senior executive in the airline said on condition of anonymity, “Despite the fall in fuel prices, financials are not looking good. The airline has recorded net loss of around Rs 3,600 crore for the first three quarters of the current financial year. It is unlikely that the Ebitda target can be achieved for the full year.” Air India’s total revenues till December stood at around Rs 16,000 crore, while total expenditure was well over Rs 19,000 crore.
24/03/15 Sharmistha Mukherjee/Financial Express
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