Disinvestment-bound Air India registered around 11 per cent growth in revenue, as the airline's fiscal and performance parameters were good in the last financial year, according to its chief Pradeep Singh Kharola. The load factor was around 80 per cent and revenue growth was in the range of 11 per cent, he added. In 2015-16, Air India had an operating profit of Rs 105 crore while net loss stood at Rs 3,836.77 crore. As part of the turnaround plan, Air India has been taking various measures, including rationalisation of routes and enhanced utilisation of aircraft. The proposed disinvestment would include profit-making Air India Express and joint venture AISATS.

Source: dna April 12, 2018 09:11 UTC