State-owned carrier Air India is expected to incur a loss of about Rs 5,400 crore during 2009-10 and the trend of losses is likely to continue for a few more years, Parliament was informed on Tuesday. Thus, the total loss incurred by the airline in the past three financial years is likely to reach Rs 13,174.16 crore.
“Air India has incurred a loss of Rs 2,226.16 crore and Rs 5,548 crore during the financial year 2007-08 and 2008-09, respectively. Air India is expected to incur a loss of Rs 5,400 crore approximately during the year 2009-10,” Civil Aviation Minister Praful Patel said.
