Air India Targets Operating Profit

      Air India is targeting an Operating Profit of Rs. 6.20 crores as per the Budget Estimates of Financial Year 2015-16.  The details of the same are as follows:

                        Particulars                   Amount (Rs. in Crores)

                        Operating Revenue             21066.00

                        Operating Expenses             21059.80

                        Operating Profit/(Loss)       6.20

The airline is also targeting Passenger Revenue of Rs.17017 crores in the Budget Estimates for Financial Year 2015-16 as compared to the Passenger Revenue of Rs.15793.36 crores achieved in Financial Year 2014-15. This is an increase of 7.75%.

Air India has taken the following steps to improve the current seat occupancy in the First Class and Business Class:

i)   Offering attractive fares in the First Class and Business Class.

ii)  e Super Saver Scheme for Business Class on www.airindia.in.

iii) Upgrade from Economy to Executive Class and Executive to First Class with the 'Get Upfront Offer' at the airport at nominal charge, to prevent last minute seat spoilage.

iv) Short term cut and pay incentive scheme for travel agents in India for First and Business Class.

This information was given by Minster of State for Civil Aviation, Dr Mahesh Sharma in a written reply to a question in the Lok Sabha today (3 December, 2015).

Courtesy: pib.nic.in