Air India Board approves the financials for FY 2009-10

Salient aspects of the financials for FY 2009-10

1. Operating loss decreased by 39 per cent

Rs 5672 cr. in 2008-09 to Rs 3472 cr. in 2009-10

EBITDA improved by Rs. 2417 cr.

2. Net loss decreased by 23 per cent

Rs 7189 cr. in 2008-09 to Rs 5551 cr. in 2009-10

3. Improved Operating Performance

Passenger Load Factor improved from 59.5 % in 2008-09 to 64.8 % in 2009-10- an increase of 9 (Nine) per cent

Available seats kilometers (ASKM) increased from 43591 millions in FY 2008-09 to 44722 millions in FY 2009-10- an increase of 3 (Three) per cent

Revenue passenger kilometers (RPKM) increased from 25950 millions in FY 2008-09 to 28965 millions in FY 2009-10- an increase of 12 (Twelve) per cent

4. Results muted due to

a)Increase in deprecation by Rs 164 cr. - from Rs 1226 cr. in 2008-09 to Rs 1390 cr in 2009-10

b)Increase in interest and financing charges by Rs 769 cr (46 per cent ) due to induction of more aircraft, increase in working capital borrowings and interest rates

5.Total Expenditure decreased by 8 per cent from Rs 20668 crores to Rs 19035 cr.

6. Total Revenue remains almost stagnant

Results for first half of 2010-11

The Board was apprised of the Company's improvement in various parameters over the same period last year.

- Pax revenue up by Rs 1034 crores
- Pax load factors go by by 8 per cent to touch 67.1 %
- Pax yield increases by 13 per cent
- Cargo revenues up by Rs 140 crores
- EBITDA also shows 6 per cent improvement over same period last year