High aviation oil prices, rise in wages and competition from other airlines are causing state run Air India to incur Rs 600 crore monthly loss, Civil Aviation Minister Vayalar Ravi has said as per a PTI report.

"There are several factors which are causing losses to Air India..abnormal increase in aviation fuel prices..competition from budget and other airlines...increase in wages and overheads...," he said during Question Hour in Rajya Sabha. Besides, the Government is paying interest on working capital and procurement of aircrafts. As a result, Air India is incurring Rs 600 crore loss every month as income is around Rs 1,100 crore and expenses at Rs 1,700 crore, the Minister said answering supplementaries.