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Almost all Indian airlines, barring Jet Airways, IndiGo and GoAir, suffered losses in 2012-13 with Air India suffering the highest loss of ₹5,490 crore, the Lok Sabha was informed on Monday.
While SpiceJet registered a loss of ₹2,798.2 crore in 2012-13, Jet’s low-cost subsidiary JetLite recorded a loss of ₹2,468 crore, Minister of State for Civil Aviation GM Siddeshwara said in reply to a question.
Low-cost airline IndiGo earned a profit of ₹7,958 crore and GoAir recorded a profit of ₹851 crore, he said.
A major reason for the losses was the changing air transport environment dictated by the global economic scenario, forcing airlines to seek structural adjustments in order to survive, Siddeshwara said.
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