{"id":591556,"date":"2023-07-18T09:35:51","date_gmt":"2023-07-18T04:05:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=591556"},"modified":"2023-07-18T10:09:41","modified_gmt":"2023-07-18T04:39:41","slug":"air-india-writes-off-rs-7000-crore-but-turns-ebitdar-positive-in-fy23","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-writes-off-rs-7000-crore-but-turns-ebitdar-positive-in-fy23\/","title":{"rendered":"Air India writes off Rs 7,000 crore but turns Ebitdar positive in FY23"},"content":{"rendered":"<p>Due to impairments caused by faulty aircraft and engines, as well as its low-cost airline AirAsia India, carrier Air India wrote off an estimated Rs 7,000 crore in the financial year 2022-23 (FY23), according to a report by the Economic Times (ET). However, the airline&#8217;s losses decreased and it was Ebitdar (earnings before interest, taxes, depreciation, and amortisation and restructuring or rent costs) positive or, profitable at an operating level, according to executives.<\/p>\n<p>A person was quoted as saying that the net loss was slightly over Rs 2,500 crore. This compares with a loss of Rs 9,556 crore in FY22, the person said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to impairments caused by faulty aircraft and engines, as well as its low-cost airline AirAsia India, carrier Air India wrote off an estimated Rs 7,000 crore in the financial year 2022-23 (FY23), according to a report by the Economic Times (ET). However, the airline&#8217;s losses decreased and it was Ebitdar (earnings before interest, taxes, depreciation, and amortisation and restructuring or rent costs) positive or, profitable at an operating level, according to executives. A person was quoted as saying that the net loss was slightly over Rs 2,500 crore. This compares with a loss of Rs 9,556 crore in FY22, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-591556","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/591556","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=591556"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/591556\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=591556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=591556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=591556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}