Social Icons

twitterfacebooklinkedin

Wednesday, 23 July 2014

Over Rs 5,840 loss for Indian airline industry in 2012-13: Govt

New Delhi: The Indian airline industry suffered a total operating loss of over Rs 5,840 crore, including over Rs 3,159 crore of Air India, in 2012-13, Rajya Sabha was informed on Tuesday.

However, the losses to Air India as well as the private carriers have shown a declining trend since 2009-10 till 2012-13.

IndiGo was the only airline to have reported profits during this period, barring 2011-12 when it made a loss of about Rs 88 crore, Minister of State for Civil Aviation G M Siddeshwara said in reply to questions.


Air India's operating loss was Rs 3,373 crore in 2009-10, Rs 4,087 crore in 2010-11, Rs 5,537 crore in 2011-12 and Rs 3,159 crore in 2012-13.

The private carriers -- Jet Airways, JetLite, SpiceJet, GoAir, IndiGo and now-defunct Kingfisher Airlines -- reported a total loss of Rs 3,733 crore in 2009-10, Rs 2,902 crore in 2010-11, shot up to Rs 7,272 crore in 2011-12 and again slided to Rs 2,682 crore in 2012-13.
Read news in full 22/07/14 PTI/ZeeNews

No comments:

Post a Comment