National carrier Air India today said its loss has come down by 23 per cent to Rs 5,551 crore in 2009-10 from Rs 7,189 crore in the previous financial year.
"The net loss of the company has decreased to Rs 5,551 crore in 2009-10. In 2008-09, it was Rs 7,189 crore," the airline said in a statement, after its Board approved the audited financial results for 2009-10.
The operating loss of the company declined by 39 per cent at Rs 3,472 crore in 2009-10 from Rs 5,672 crore in the previous fiscal, the statement added.
Increase in passenger load factor (PLF), which was 64.8 per cent in 2009-10, was one of the main reasons in reducing the net loss, the airline said.
In 2008-09, the national carrier had a PLF of 59.5 per cent.
