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Iran Air Posts 1st Profit in Years

Iran's national flag carrier airline posted an operating profit of 410 billion rials ($3.59 million) in the last Iranian year (March 2018-19), though net profit of the company is still negative
Iran Air Posts 1st Profit in YearsIran Air Posts 1st Profit in Years

For the first time in years, Iran's national flag carrier has posted an operating profit.
According to Shahram Adamnejad, deputy minister of roads and urban development, Iran Air posted an operating profit of 410 billion rials ($3.59 million) in the last Iranian year (March 2018-19).
The official attributed the profit to the company’s improved performance in several fields, including ticket sales, ground handling services, technical and engineering services, catering and a more efficient use of human and other resources, cost cutting and launch of new flights.
Noting that the operating loss of Iran Air stood at 2,260 billion rials ($19.82 million) in the fiscal 2017-18, Adamnejad said, “The net profit of the company is still negative,” Fars News Agency reported. 
Operating profit and net profit are part of the income statement of a company. Operating profit is the remaining income of the company after paying off operating expensse and net profit is the remaining income of company after paying all costs incurred by the company, which include all expenses, taxes and interests.

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