NEW DELHI: Air India is estimated to have incurred losses of Rs 9,500- Rs 10,000 crore in this financial year, the highest since the merger of the ailing national carrier with Indian Airlines in 2007, as the Covid-19 pandemic impacted revenues of all airlines.
“Of the total, about Rs 8,000 crore is estimated to be cash losses and the rest will be on account of depreciation cost,” said a senior government official, who did not wish to be identified.
The record loss is likely to impact the valuation of Air India, as the government prepares to sell the national carrier in the next fiscal.
