National Aviation Company Ltd, running Air India, targets to curtail losses by 75 per cent by the end of the fiscal year 2011-12.

According to the Nacil Chairman and Managing Director, Arvind Jadhav they shall curtail the losses by 75 per cent by the end of FY 2011-12. They shall be able to attain this because they have recorded an inclination in the number of passengers and also earnings. The airline had made a three-year rotate plan in the FY 2009-10.

Air India, mounted up loss of over Rs 10,000 crore, persisting to make operational losses.

The airline lately appointed an expat chief operating officer, who has promised to move ahead with the airline's cost curtailing plan. But it is sensed that it is hard to slash cost in the airline.

According to the year 2009 approximation, two major expenses upright were fuel cost by 34.2 per cent and staff cost by 16.2 per cent.

The fuel charge is enormous due to heavy taxes. And there is a boundary to savings on this version. Staff cost can't be fetched down as the group management has planned not to move ahead with staff slash.