Air India lost Rs 4,685 crore in FY 19 due to high fuel rates, forex rate variation
Shortpedia
Content Team
Civil Aviation Minister Hardeep Singh Puri said that Air India suffered a loss of Rs 4,685 crore in 2018-19 due to two major reasons that were: increase in fuel costs and impact of foreign exchange rate variation. The variation in exchange rate led to an increase in expenses from Rs 31 crore in 2017-18 to Rs 772 crore in 2018-19 while Aviation Turbine Fuel costs increased from Rs 7,363 crore in 2017-18 to Rs 10,034 crore in 2018-19.
