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Article: India: Air India reports loss of Rs 5548.26 crore in 2008-09.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
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Byline: kusumv03
National carrier Air India today reported a post-tax loss of Rs 5,548.26 crore for fiscal 2008-09 against the background of the global economic an financial crisis which resulted in fewer passengers travelling and falling yields for airlines worldwide. The public sector airline's annual accounts for the year were approved by its Board of Directors which met in Chennai today.
The International Air Transport Association (IATA) had in its forecast predicted that the losses in the aviation industry for 2008 would be around $ 16.8 billion, followed by a loss of $ 11 billion this year due to weak revenue environment and increase in operating ...
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