Quantcast
Transport Airlines

Air India may be on its way to becoming profitable for the first time in five years

Excerpt from Wall Street Journal

Jan 08, 2013 7:44 am

Skift Take

A successful restructuring plan executed in April 2012 sparked the recent turnaround after a number of factors, including a spike in gas prices and the responsibility to run unprofitable routes as a national carrier, mired the carrier in debt for years.

— Samantha Shankman

The Future of Personalized Marketing In Travel

Free Report: Social Media Trends for Tourism Boards

Rick Schlamp  / Flickr

Air India. Rick Schlamp / Flickr


After several years, Air India Ltd. — which is running on a financial lifeline from the government – is showing signs of a turnaround, at least on the operating side.

India’s civil aviation minister Ajit Singh said recently in Parliament that Air India’s operating performance had improved between April and September 2012.

The turnaround comes after India’s national carrier cut costs, boosted revenue and productivity and increased passenger traffic following a restructuring plan last April.

The plan involved restructuring the company’s roughly $8 billion debt and hiving off the aircraft maintenance and ground-handling operations into two units.

Read the Complete Story →

Tags:

Next Up

More on Skift

Here Are the Most Innovative Tourism Organizations of 2014
Daily Travel Startup Watch: TripYada, Studying Advisor and More
Travel App Breadtrip Secures $50 Million in Funding
From Campaigns to Content: The Evolution of Hotel Marketing