Business
Air India, AI Express, Alliance Air Incurred Loss Of Rs 17,032 Crore In April 2020-December 2021 Period: Govt
An Air India flight (Pic Via Wikimedia Commons)
New Delhi, Mar 31 (PTI) Air India, Air India Express and Alliance Air suffered a total loss of Rs 17,032 crore between April 2020 and December 2021, Civil Aviation Minister Jyotiraditya Scindia said in the Lok Sabha on Thursday.
He said the highest loss was incurred by the now privatised Air India with Rs 9,373 crore loss in 2020-21 and Rs 6,927 crore in 2021-22 (upto December 2021).
Air India Express incurred Rs 184 crore profit in 2020-21 and Rs 161 crore loss in 2021-22 (till December 2021), he said during the Question Hour.
The minister said Alliance Air's loss was Rs 440 crore in 2020-21 and Rs 315 crore in 2021-22 (till December 2021).
Air India and Air India Express were taken over by the Tata Group early this year.
(This story has been published from a wire agency feed without any modifications to the text. Only the headline has been changed.)
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
