Losses incurred by Air India

There is news which says:

• “Air India had incurred a loss of Rs.2226.16 crores during year 2007-08. It is expected to incur a loss of Rs.5,000 crores approximately (Prov.) during the year 2008-09. The reasons for losses are mainly due to the prevalent economic recession and low yields and load factors. The above information was given by the Minister of Civil Aviation, Shri Praful Patel in Rajya Sabha today.”