Mumbai: Disinvestment bound Air India (AI) has registered around 11 per cent growth in revenue, as the airline’s fiscal and performance parameters were good in the last financial year, according to Pradeep Singh Kharola, Chairman and Managing Director, Air India.
The national carrier also recorded 80 per cent passenger load factor in 2017- 18 amid the government preparing for its strategic disinvestment. Kharola said the performance parameters of the airline had been good in the last financial year.
“The financials are being firmed up but fiscal parameters have been good (in 2017- 18),” he said. In 2016-17, the airline raked in a total revenue of Rs. 22,177.68 crore compared to Rs. 20,610.33 crore in the same period a year ago, as per the annual report. About the carrier’s on-time performance (OTP) in the last fiscal, Kharola said there has been a “marked improvement” on a year-on-year basis.