Air India generates Rs 460 cr cash surplus in April-June quarter: Media Reports

Subscribe to GoodReturns

Air India generates Rs 460 cr cash surplus in April-June
During the April-June quarter, the national carrier Air India made a cash surplus of Rs 460 crore owing to aggressive marketing strategy along with several cost cutting measures adopted by the airline, said the media reports.

The airline's turnaround plan (TAP) has resulted in gradual reduction of its cash loss from Rs 512 crore in October-December 2011, Rs 432 crore in January-March 2012 to Rs 37 crore in April-June quarter 2012.

Since July-September quarter last year, Air India started generating surplus over its variable costs when its surplus was Rs 51 crore. The surplus increased to Rs 312 crore in October-December, Rs 361 crore in January-March this year and Rs 460 crore during April-June.

Dion Global Solutions Ltd.

Read more about: air india, cash surplus
Story first published: Monday, August 5, 2013, 9:22 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?