Fare war in Indian Airlines in the early 2000s, in Mumbai

From the archive record

Anand Kumar- There is competition between the Mumbai -Delhi sector, and Indian Airlines also wants to stay in the competition. Last year's budget of Air India was 340,00,00,00,000 Crore but the actual cost is 202,00,00,00,000. We managed to make a profit of the remaining 140,000,000,000 crores. For this coming year, the budgeted loss is 50,00,00,00,000 crores, but in a couple of months, we have reduced our losses to 1,0000000 crores per month. We are showing tremendous efficiency.