Divestment-bound Air India’s H1FY22 net loss rises over 43%

Just before the final procedures of divestment, national carrier Air India’s 2021-22 first half (H1FY22) net loss rose over 43 per cent on a year-on-year basis.

The airline’s net loss rose to Rs 5,422.6 crore during the period under review from Rs 3,779.26 crore reported for the previous corresponding period.

These figures were a part of the unaudited standalone financial results for the half year ended September 30, 2021, as reviewed by IANS.

Besides, the company reported a YoY rise in its revenue of 21 per cent to Rs 5,524 crore.