Since the merger of Air India and Indian Airlines in 2007, Air India has for the first time recorded a cash surplus of Rs 48 crore during the April-July 2012, versus a deficit of Rs 586 crore during the same period last year. This turnaround came with the airline increasing its revenue to Rs 4,757 crore during April-August, a 6.5% jump from the corresponding period in 2011.
And, this period saw the expenditure being reduced by Rs 268 crore. The cash flow rose mainly with revenue on domestic network increasing by 33% in April to August to Rs 2,119 crore, up by Rs 531crore from the same period in the previous year.
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