22.6 C
New Delhi
March 31, 2020

Air India in lose of crores due to suspension of operations

Reading Time: 2 minutes

India’s leading airline company Air India has expressed the fear that it may incur a loss of Rs 30-35 crores daily while domestic flights are suspended. Please tell that to stop the spread of coronavirus, domestic flights are banned till March 31 across the country. According to sources, we are not operating any commercial flight like other airlines following the orders of the government. Nevertheless, our daily loss from this is estimated to be in the range of 30 to 35 crores.

Know what is Sukanya Samriddhi Yojana and its interest rate?

Regarding the operation, the company said that the cost burden of our fuel, ground handling, airport charges have been reduced due to the suspension of flights. But we still have to pay salaries, allowances, minimum maintenance and interest.

Big decision of administration on petrol-diesel amid lockdown

The daily income of Air India is 60 to 65 crores. 90 per cent of this is from the income from passengers. Air India has to pay about 250 crore rupees every month as salary while the company pays about thirty million dollars per month on the fares of the planes. Apart from this, the company has to pay Rs 225 crore every month on payment of interest etc.

Gold-Silver: Gold rises in evening trade, Know its future price

Related posts

Trading stopped in Indian market for 45 minutes for the first time in 12 years

Ritu Nandal

Three-week lockdown will damage the country’s economy by Rs 9 lakh crore

Ritu Nandal

Vodafone CEO says situation in India fragile, future of company in balance

Ritu Nandal

Leave a Reply

Notify of

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Translate »