Air India CMD Rohit Nandan has stated that despite an unexpected increase in aviation fuel cost and wild fluctuation of rupee against the dollar, the national carrier is hopeful of meeting its financial targets in the second quarter of this fiscal. The company has managed to bring its losses down to about Rs 11 crore per day from around Rs 50 crore per day, he added.
He added that Air India was given some financial targets by the government as part of our turnaround plan, and the company has met them and registered EBDITA positive for the first time in seven years, despite a strike last year, he said.
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