Air India may be on its way to becoming profitable for the first time in five years
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.
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.
Up Next
Airlines
How Airlines are Redefining Premium Travel with Customizable and Personalized Experiences
As the airline industry adapts to evolving traveler expectations, premium cabins coupled with personalized experiences have become essential tools for driving loyalty and revenue. Airlines are turning to digital innovation and sustainable practices to redefine the premium travel experience and meet the needs of diverse customers.
Sponsored 
Airlines
Trump’s Pick for Transportation Chief: 4 Takeaways From the Senate Hearing
Trump’s nominees for other roles have faced rough hearings, but Sean Duffy looks ready to breeze through as the head of DOT.
Airlines
U.S. Sues Southwest Airlines for ‘Chronic Flight Delays’
The Department of Transportation found that Southwest was responsible for 90% of the disruptions on two flights.
Travel Agents
Booking Platform Mondee Files for Bankruptcy
The bankruptcy comes after Mondee was delisted in December.
Business Travel
Amex GBT Labels DOJ Lawsuit to Block CWT Merger a ‘Blatant Politicized Effort’
They've had some wins, for sure, but does Amex GBT overstate competition from the likes of Navan, Spotnana, and Kayak for Business?