Air India's net loss declined by â¹194 crore in 2016-17
Air India's net loss in 2016-17 stood at â¹3,643 crore, down â¹194 crore compared to 2015-16, Union Minister Jayant Sinha has said. Air India's operating profit more than doubled year-on-year to â¹300 crore. In comparison, Jet Airways' operating profit was down 50%. Notably, IndiGo, Jet Airways and SpiceJet have all reported a decline in their net profits for 2016-17.