Air India Financial Position

Some "rationalisation of allowances" have been implemented, Air India said, adding that it will be reviewed once the financial position improves

The national carrier, staying afloat on a bailout package extended by the central government, is making efforts to improve its financial position, including by way of cost optimisation measures, capacity addition and introduction of new flights.

Air India has recently managed to improve its financial condition by becoming EBITA (earnings before interest, taxes and amortization) positive for the first time, but it is far from breaking-even or ushering in profits.

Air India should list itself in a stock market and reduce employees, a government-appointed committee formed to advise on the ailing national carrier's integration with a sister airline said. Air India was merged in 2007 with state-run Indian Airlines, which operated mostly domestic flights, but human resource issues never allowed the merger to tak...

Some "rationalisation of allowances" have been implemented, Air India said, adding that it will be reviewed once the financial position improves

The national carrier, staying afloat on a bailout package extended by the central government, is making efforts to improve its financial position, including by way of cost optimisation measures, capacity addition and introduction of new flights.

Air India has recently managed to improve its financial condition by becoming EBITA (earnings before interest, taxes and amortization) positive for the first time, but it is far from breaking-even or ushering in profits.

Air India should list itself in a stock market and reduce employees, a government-appointed committee formed to advise on the ailing national carrier's integration with a sister airline said. Air India was merged in 2007 with state-run Indian Airlines, which operated mostly domestic flights, but human resource issues never allowed the merger to tak...