DELHI
With Jet Airways reporting its highest-ever annual loss of Rs. 4,129 crore in 2013-14, Air India on May 28 said its financial parameters had improved significantly in comparison to its major private competitor, with its fourth quarter revenues higher and losses much lower.
While Jet had yesterday reported a Q4 revenue of Rs. 4,566 crore, the national carrier’s unaudited estimation of earnings stood at Rs. 5,842 crore.
Similarly, Air India’s net operating loss in the same quarter was Rs. 961 crore, compared to Rs. 2,153 crore of Jet, the figures showed.
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