Vistara's net loss widens to Rs 518 cr in FY17

Passenger load factor has risen but cost pressure has increased too

Vistara's net loss widened to Rs 518 crore in FY 2017 due to rising competition and costs. 

The airline's revenue doubled to Rs 1,390 crore on an annual basis due to increase in capacity and improved loads but loss grew over 29% indicating heightened cost pressure. Net loss in FY16 stood at Rs 400 crore. With losses in successive years, the airline's net worth is negative by Rs 1,000 crore. The figures are disclosed in Tata Sons annual report of last financial year.

Vistara, which is a joint venture of Tata Sons and Singapore Airlines, started operations in January 2015.