Air India suffers Rs3 billion losses as Pakistan air space closes

[Nityam]

Don't forget the recent Rs3 bn loss from Feb till now to add.

LOL.... the PROFITS ARE AFTER calculating this so called "loss" due to airspace restrictions.

Also that Rs. 3 billion translate to a puny 43 million $ "loss" in operational expense.

 

[Khanivore]

Also that Rs. 3 billion translate to a puny 43 million $ "loss" in operational expense.

Could turn into $500m losses by next year.

 

[Nityam]

Could turn into $500m losses by next year.

lol....why ?

Only flights from delhi are affected. That too, only the flights to the west.

Flights from kolkata, Mumbai, Bangalore, Hyderabad etc. are still completely unaffected.

But for pakistani, ALL your flights to the east is affected. Including flights to your master, china

 

[Knight Rider]

If Indians don't come to their senses. The airspace should be closed forever.
We shouldn't care a single bit.

 

[Nityam]

If Indians don't come to their senses. The airspace should be closed forever.
We shouldn't care a single bit.

But you do care

 

[Khanivore]

@Nityam You're such a joker

Why No One Wants Air India Stake: Accumulated Losses More Than India's Health Budget in FY18

"The Centre had invited bids from potential buyers for 76 per cent of its stake in Air India in March, 2018. But not a single bidder came forward by the deadline, many concerned about government’s residual minority stake and almost all unwilling to take on the huge debt pile."

The airline’s latest annual report shows that it had incurred accumulated losses of Rs 53,583.92 crore as of March 31, 2018. To put this number in context, suffice it to say that Air India’s accumulated losses were a tad above India’s entire health budget for that year. Further, the airline has never made a net profit since the two erstwhile airlines, Air India and Indian Airlines, merged to form the current entity in 2007. @Nityam You lied bro?

Thus, the mountain of accumulated losses has been created over the last decade with the net loss for 2017-18 coming in at Rs 5348.7 crore. This means an average daily loss of just under Rs 15 crore was posted by Air India in 2017-18. With such dismal numbers, it is no surprise that Air India became the second biggest loss-making Central Public Sector Enterprise among 339 such companies in FY18.

However, the only saving grace is that the net loss figure was lesser in 2017-18 compared to the previous year, when it had posted Rs 6452.9 crore or an average daily net loss of about Rs 18 crore. But here’s a fresh shocker: the independent auditors who have audited the airline’s financials for 2017-18 have said in their notes in the latest annual report that “loss has been understated by Rs 338.7 crore”.


This info is from last month.

lol....why ?
But for pakistani, ALL your flights to the east is affected. Including flights to your master, china

Look at flightradar. Flights are going to China unaffected.

 

[Nityam]

@Nityam You're such a joker

Why No One Wants Air India Stake: Accumulated Losses More Than India's Health Budget in FY18

"The Centre had invited bids from potential buyers for 76 per cent of its stake in Air India in March, 2018. But not a single bidder came forward by the deadline, many concerned about government’s residual minority stake and almost all unwilling to take on the huge debt pile."

The airline’s latest annual report shows that it had incurred accumulated losses of Rs 53,583.92 crore as of March 31, 2018. To put this number in context, suffice it to say that Air India’s accumulated losses were a tad above India’s entire health budget for that year. Further, the airline has never made a net profit since the two erstwhile airlines, Air India and Indian Airlines, merged to form the current entity in 2007. @Nityam You lied bro?

Thus, the mountain of accumulated losses has been created over the last decade with the net loss for 2017-18 coming in at Rs 5348.7 crore. This means an average daily loss of just under Rs 15 crore was posted by Air India in 2017-18. With such dismal numbers, it is no surprise that Air India became the second biggest loss-making Central Public Sector Enterprise among 339 such companies in FY18.

However, the only saving grace is that the net loss figure was lesser in 2017-18 compared to the previous year, when it had posted Rs 6452.9 crore or an average daily net loss of about Rs 18 crore. But here’s a fresh shocker: the independent auditors who have audited the airline’s financials for 2017-18 have said in their notes in the latest annual report that “loss has been understated by Rs 338.7 crore”.


This info is from last month.


Look at flightradar. Flights are going to China unaffected.

Then it means that it has nothing to do with pakistani air space closure.

 

[Khanivore]

Then it means that it has nothing to do with pakistani air space closure.

Oh, what happened to your FAKE argument about profits now, you LIAR?

Pakistan is doing Air India a favor: to help it be put out of its misery. We're only being humane.

 

[Knight Rider]

But you do care

Hmm right !!! Who's the one suffering right now ? Not us but your airlines. Who just lost 3 billion ? etc etc I still don't care about your airlines. India and Pakistan are no friends. The airspace should be closed forever.

 

[Khanivore]

Hmm right !!! Who's the one suffering right now ? Not us but your airlines. Who just lost 3 billion ? etc etc I still don't care about your airlines. India and Pakistan are no friends. The airspace should be closed forever.

Bro, Pakistan could easily be the death knell for Air India. Air India

 

[Nityam]

Oh, what happened to your FAKE argument about profits now, you LIAR?

Pakistan is doing Air India a favor: to help it be put out of its misery. We're only being humane.

LOL.... why blame me for your limited ability to understand my post ?

Read my post again. My link talks about Air India Express.

India is doing much more to put pakistan out of its misery. just ask ik.

 

[Knight Rider]

Bro, Pakistan could easily be the death knell for Air India. Air India

Good riddance !

 

[Khanivore]

LOL.... why blame me for your limited ability to understand my post ?

Read my post again. My link talks about Air India Express.

WTF! You've been arguing all this time using another carrier's financial data?

 

[Nityam]

Hmm right !!! Who's the one suffering right now ? Not us but your airlines. Who just lost 3 billion ? etc etc I still don't care about your airlines. India and Pakistan are no friends. The airspace should be closed forever.

LOL..... you mean a puny 43 million $ loss will put down an airline who has an revenue of 3.1 Billion $ ?

 

[Imran Khan]

they main part of this game is its not ended 3bn in 2 months so if we keep close loss will keep increasing . its not yet open and god know how long it will be closed .