New Delhi: Air India posted an operating loss of around ₹4,600 crore in the last financial year mainly due to higher oil prices and foreign exchange losses but the debt-laden carrier expects to turn operationally profitable in 2019-20, according to senior officials.
Reflecting tough business conditions, the airline’s net loss stood at about ₹8,400 crore while total revenues touched around ₹26,400 crore in 2018-19, one of the senior officials told PTI.
Another senior official said the airline is projected to post an operating profit of ₹700 to 800 crore in 2019-20, provided oil prices do not shoot up significantly and there is no steep fluctuation in foreign exchange rates.
