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The latest reports indicate that Air India, which was in serious loss in gradually coming out of it. A report in the Economic Times states:
“After a streak of losses, Air India had reported a net profit of Rs 14.6 crore in December last year, from a loss of Rs 168.7 crore in the corresponding period of 2013.
Besides, it has also managed to reduce its losses from as high as Rs 7,599 crore in fiscal 2011-12 to Rs 5,490 crore in financial year 2012-13 and a further down to Rs 5,388 crore in FY-14, respectively.”
Congratulations to the workers and the management for the effort to save the PSU. Hope it will come back to financial viability soon.
It is to be remembered that the role of the Air India in evacuating persons from the war fields of Yemen as also From Kashmir, Uttarakhand etc. during natural calamities has been widely appreciated.