Air India likely to post consolidated profit in current fiscal: Report

Air India had been ailing for a long time, before the Tata Group took it over on January 27 last year

Air India is expected to post a consolidated profit this year (FY23), making a turnaround from a standalone loss of Rs 7,000 crore in FY22, a report by The Economic Times said. Along with Air India, its subsidiary Air India Express is also likely to post a consolidated profit.

According to the report, higher demand in international routes and better management of cost may result in profits for the company, which is also expected to post the first positive earnings before interest, tax, depreciation and amortisation (EBITDA) in FY23.

"Revenue performance for the airline has improved significantly. While before privatisation