Finally, some cash-positive news for AI
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Loss-making Air India may turn cash positive this financial year. According to officials, the airline may report Ebitda (earnings before interest, taxes, depreciation and amortisation) during 2012-13 as its financial performance has improved after the turnaround and financial restructuring plans.
"Though, overall it may continue to incur losses, it will certainly have positive cash flow from its operations," an official said.
The carrier's losses have been mounting from R5,548.26 crore in 2008-09, R5,552.44 crore in 2009-10, R6,865.17 crore in 2010-11 to R7,853 crore in 2011-12.
Its revenues have increased 6.5% during the April-September period from R4,757 crore against R4,467 crore in the same period a year ago. The carrier also had cash surplus of R48 crore as against cash deficit of Rs 586 crore – for the first time since its merger in 2007 during April-July 2012.