Alliance Air reports operating profit for the first time in FY20; net loss at Rs 201 crore

NEW DELHI: Alliance Air, a wholly owned subsidiary of Air India, today said that it has made an operating profit, for the first time since inception, of Rs 65.09 crore for the 2020 fiscal that ended March 31 this year but made a net loss Rs 201 crore during the period.

The airline said that it has ‘reported an EBITDA of Rs 482 crore, in a total revenue of Rs1181.15 crore. These figures are for the fiscal year 2019-2020.’