AI gets surplus of Rs 460 cr in Apr-Jun


DELHI

A series of cost cutting measures and an aggressive marketing strategy have led Air India to generate cash surplus of Rs 460 crore in April-June on the back of a consistent growth trend since last July. 

The all-round improvement resulted from a strategy that encompassed a review of Air India’s fleet and network, pricing, schedules and revenue management, airline sources said. 

With the turnaround plan (TAP) in operation, the national carrier had gradually reduced its running cash loss from Rs 512 crore in October-December 2011 and Rs 432 crore in January-March 2012 to just Rs 37 crore in April-June 2012. 

Full report here Economic Times 

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