Good News for Air India! The losses of Air India this got reduced by Rs. 1,209 crore compared to last year. The loss for 2012-13 will be only 3,989 crore while it was Rs. 5,198 in 2011-12.

Air India was in a difficult situation due to the wrong policy decisions, inept management and also the stiff competition. The Air-India, Indian Airlines merger without sufficient planning also created many HR problems. Purchasing a large number of planes without requirement was another reason. It posted losses year after year.

The downfall of King Fischer Airlines, as also some strict supervision and efforts on the part of the employees and their unions have resulted in improvement to the extent that the losses have come down this year. But that itself is not sufficient. The loss should cease and profit to be posted. I wish for a speedy recovery for the PSU, Air India.