HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  


Search:



The Web

Rediff








Business
Portfolio Tracker
Business News
Specials
Columns
Market Report
Mutual Funds
Interviews
Tutorials
Message Board
Stock Talk



Home > Business > PTI > Report

Air-India to make Rs 90 crore profit during 2002-03

April 22, 2003 16:45 IST

National carrier Air-India is expected to make a profit of Rs 90 crore (Rs 900 million) during 2002-03, Civil Aviation Minister Shahnawaz Hussain told the Rajya Sabha on Tuesday.

Replying to supplementaries during Question Hour, the minister said despite higher air turbine fuel cost due to Iraq war, A-I would register profit during the recently ended financial year.

In reply to the main question, the minister said despite the Iraq crisis, A-I and Indian Airlines maintained all their operations to the Arabian countries as per schedule.

Except for suspension of 14 flights in April 2003 due to poor load factors, all other flights were undertaken by these airlines, he said.

The suspended flights will be resumed as soon as there is enough improvement in demand to make these flights economically viable, the minister said.

In reply to a query on whether some pilots of the Indian Pilot Guild had refused to fly into severe acute respiratory syndrome-affected countries, Hussain said their flights were undertaken by the executive pilots.



© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.





Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor



Related Stories


Iraq war, SARS hit A-I, IA

'War has hit aviation industry'

A-I, IA to fly to Kuwait



People Who Read This Also Read


Taxes blamed for high petro tags

India's IT industry worried

IT sector to ride BPO wave: E&Y







HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  
© 2003 rediff.com India Limited. All Rights Reserved.