Air India’s 2010 net loss stands at Rs.5,551 crore

NEW DELHI - National carrier Air India (AI) Thursday reported a decrease in its net loss for the fiscal 2009-2010, which stood at Rs.5,551 crore as against a net loss of Rs.7,189 crore in the fiscal 2008-2009.

According to the airline, the results were muted due to increase in depreciation cost by Rs.164 crore and interest, and financing charges of Rs.769 crore, which was an increase of 46 percent, on induction of more aircraft.

The total expenditure also decreased by 8 percent and stood at Rs.19,035 crore as compared to Rs.20,668 crore in the last fiscal.

“Operating loss decreased by 39 percent from Rs.5,672 crore in 2008-09 to Rs.3,472 crore in 2009-10,” said the airline in a statement.

The company added that it has recorded an improved operating performance with a nine percent increase in passenger load factor at 64.8 percent from 59.5 percent.