{"id":380103,"date":"2020-10-23T10:39:38","date_gmt":"2020-10-23T05:09:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380103"},"modified":"2020-10-23T10:39:38","modified_gmt":"2020-10-23T05:09:38","slug":"alliance-air-reports-first-operational-profit-since-inception","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/alliance-air-reports-first-operational-profit-since-inception\/","title":{"rendered":"Alliance Air reports first operational profit since inception"},"content":{"rendered":"<p>NEW DELHI : Alliance Air, a wholly owned regional subsidiary of Air India Limited, has reported a \u20b965.09 crore operating profit for financial year 2019-20 &#8212; its first since its inception in 1996 &#8212; despite reporting an overall net loss of \u20b9201 crore for the year, the company said in a statement on Thursday.<\/p>\n<p>The airline&#8217;s total revenue stood at \u20b91181.15 crores during 2019-20, on the back of an EBITDA of \u20b9482 crore.<\/p>\n<p>The net profit of the airline would have touched \u20b937 crore but for the adoption of the new accounting standard IND AS 116, the company added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Alliance Air, a wholly owned regional subsidiary of Air India Limited, has reported a \u20b965.09 crore operating profit for financial year 2019-20 &#8212; its first since its inception in 1996 &#8212; despite reporting an overall net loss of \u20b9201 crore for the year, the company said in a statement on Thursday. The airline&#8217;s total revenue stood at \u20b91181.15 crores during 2019-20, on the back of an EBITDA of \u20b9482 crore. The net profit of the airline would have touched \u20b937 crore but for the adoption of the new accounting standard IND AS 116, the company added.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-380103","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=380103"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380103\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}