Air India’s H1FY22 net loss rises over 43%

Just before the final procedures of divestment, national carrier Air India’s 2021-22 first half (H1FY22) net loss rose over 43 per cent on a year-on-year basis.

The airline’s net loss rose to Rs 5,422.6 crore during the period under review from Rs 3,779.26 crore reported for the previous corresponding period.

These figures were a part of the unaudited standalone financial results for the half year ended September 30, 2021, as reviewed by IANS.

Besides, the company reported a YoY rise in its revenue of 21 per cent to Rs 5,524 crore.

Furthermore, the airline’s expenditure during the period under review rose to 31 per cent to Rs 10,946 crore.

Additionally, current liabilities rose to Rs 67,650.9 crore from Rs 59,987.2 crore during the corresponding period of the previous year.

Notably, a substantial amount of Air India’s debt and liabilities have been subsumed by Air India Asset Holding Ltd before the divestment of the airline.

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