New Delhi: Air India is likely to emerge as a cash surplus company in the next financial year with a net earning of over Rs 1,000 crore on the back of high passenger revenue and sale and lease back of Boeing 787 Dreamliners.
The Air India board, which met here today, finalised the annual budget for 2013-14 weeks after government approved the equity infusion of Rs 5,000 crore.
"The company is expected to be EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) positive in the year 2013-14 by about Rs 1040 crore," an Air India official said.
This is due to the increase in operating revenue by Rs 3,235 crore as a result of increase in capacity by 24 per cent.
"The total revenue next year is budgeted at Rs 19,393 crore - an increase of 20 per cent over the previous year," the official said.
12/03/13 Economic Times
