Air India, which has been suspending services such as Los Angeles, will be announcing a multi-million dollar loss for the 12 months ending 31 March.
The carrier's loss for the fiscal year ending 31 March is around Rs20 billion rupees ($462 million), the carrier's top spokesman in Mumbai says in response to reports citing the airline's managing director and chairman Raghu Menon as quoting this figure.
The reports have also quoted Menon as saying the national carrier will be seeking government aid in the order of hundreds of millions of dollars.
Air India, like other carriers, has had to grapple with high fuel prices and a faltering economy.
It has also had to make some payments on new aircraft and deal with its merger with Indian Airlines.
Air India has responded to the adverse conditions by scaling back its international route network.
For example, on 3 September it is dropping its thrice-weekly service to Los Angeles, says the spokesman. This service uses a Boeing 777-300ER and goes via Frankfurt.
Source: Air Transport Intelligence news
