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Air India's losses have been escalating over the years
May 14, 2012


Of late, the public sector carrier Air India (AI) has been in the news for the wrong reasons from flight cancellations to staff strikes to debt problems to bailout with taxpayers' money. Finally, the government has acknowledged the failure of the merger of AI and Indian Airlines that took place in August 2007. It is worth noting that till financial year 2006-07, both the airlines were making profits. However, as today's chart of the day shows, the combined entity has been incurring massive losses over several years in a row.

Do you think the government was right in bailing out Air India? If not, then raise your voice and participate in our Ban Bailouts campaign. Remember every vote counts.

The Times of India
*Figures have been summed up for Air India and Indian Airlines from FY05 to FY07.
Figures from FY08 to FY12 pertain to the merged entity.
#provisional figure

This Chart Of The Day was published in The 5 Minute WrapUp - Is your stock suffering from 'Shoe Button Complex'?

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2 Responses to "Air India's losses have been escalating over the years"

J Thomas

Dec 5, 2014

Air India is so deep in trouble that there is no hope left. The kindest thing is to close it down.

Like 

Bahri

Nov 16, 2013

I believe the demise was under the tutelage of Mr.Praful Patel who seems to have walked away unscathed

Like 
  
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