Asia/Pacific

AIR INDIA REPORTS NET LOSS OF 55.5 BILLION RIUPEES

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AIR INDIA REPORTS NET LOSS OF 55.5 BILLION RIUPEES

Air India has reported a net loss of 55.5 billion rupees for 2009/10 as it was not able to capitalise on higher load factors due to an increase in depreciation and interest charges. The net loss for FY10, however, narrowed by about 23% from a loss of 71.89 billion rupees reported in 2008/09. De...

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