Air India set to miss revenue target for February

NEW DELHI: The finance department of Air India has asked its commercial department to carry out "necessary" changes in the national carrier's network after it became clear that the airline will fail to meet its revenue target for February.

"There is a drop in the revenues that we had estimated for February and we are unlikely to achieve the target for the month," the executive said, requesting anonymity. "The equity infusion for the year has also dried up and we are likely to get only Rs 50 crore during March. The finance department has asked the commercial department to do necessary changes in the network."

The executive, however, added that the commercial department does not plan any immediate changes in the network.

"The finance department keeps raising these concerns as and when there is a dip in revenues," the official said.
Source: http://goo.gl/JEpgaf