Air India offers Diwali bonus to staff

DELHI: State-run Air India Ltd has offered small bonuses to employees this Diwali as its finances improve marginally.

In a 24 October letter to employees, the airline’s director (finance) Vinod Hejmadi said the bonuses were a token of appreciation for the efforts made by employees in the airline which achieved an operating profit in 2015-16, reports Mint.

“This release of ad-hoc amount should not be construed as an improvement in the liquidity position of the company. Air India will continue to require your whole-hearted support in the coming months as Air India is planning to add capacity both in the domestic and international market with the induction of A320neos and B787 aircraft,” he said.

Air India, with a 135-aircraft fleet, has about 15% domestic market share and 17% international market share.

Hejmadi said the airline had registered a modest operating profit of Rs105 crore in the financial year 2015-l6—the first time since its merger in 2007-08 with Indian Airlines, but still posted an overall loss.