NEW DELHI: Air India has incurred a net loss of about Rs 2,570 crore in the first quarter of 2020-21 as compared to a net loss of Rs 785 crore sustained in the corresponding period a year ago, Civil Aviation Minister Hardeep Singh Puri said on Thursday.
An amount of Rs 1,000 crore as loan to Air India has also been provided in the current financial year, Puri stated.
“Air India Limited has been suffering continuous losses. The COVID-19 pandemic along with its related impact on aviation industry has further worsened the financial position of the company,” Puri said in a written reply to a question in the Lok Sabha.
“The net loss in quarter 1 of FY20-21 is about Rs 2,570 crore as compared to loss of Rs 785 crore in quarter 1 of FY 19-20,” he mentioned.
