Air India on Friday reported an operating profit of Rs 105 crore for the 2015-'16 financial year, its first in nearly ten years after its merger with Indian Airlines, PTI reported. The state-owned carrier said that a near-31% drop in fuel costs was the primary reason for the positive numbers it reported. The fall in fuel prices was passed on to the carrier's passengers, officials said.
The airline also registered a 6.6% growth in the number of passengers it ferried – from 1.68 crore in 2015 to 1.8 crore in 2016. However, its revenue declined marginally by 0.42% to Rs 20,526 crore from Rs 20,613 crore in 2014-'15. The carrier had reported an operating loss of Rs 2,636 crore for the 2014-'15 financial year.