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Air India rot runs deep amid understating losses, bleeding international ops

Air India rot runs deep amid understating losses, bleeding international ops

Monday, March 13, 2017, 11:49 AM

Air India has been reporting losses for at least four years, says the country’s top auditor. This under-reporting is not any insignificant amount but a sum of over Rs 6,800 crore between 2012-13 and 2015-16. The airline has, as expected, said it did not do any under provisioning while asserting that its Rs 105 crore operating profit in FY16 was indeed a profit.
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