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Air India's loss widens to Rs 57 bn in FY17 from Rs 38 bn in FY16

Air India's provisional loss for FY17 was Rs 37.28 bn; officials say the inflation in losses is likely due to certain non-disclosures by the company in the provisional figures

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Contrarytopopularbeliefthat AirIndia madeaturnaroundunderthecurrentNDAgovernment,figuresshowthatthenationalcarrier's loss hasinsteadwidened.AccordingtofiguresprovidedinParliamentbytheministerofstateforcivilaviationJayantSinha,thestate-ownedairlineregistereda loss ofRs57.65billioninFY16-17.ThisisRs19.29billionhigherthanRs38.36-billion loss inFY15-16.Infact,thefiguresreflectasignificantdeviationfromtheminister’sownparliamentarydisclosureon27thJuly,2017.Theminister ...