Air India, which turned operationally profitable last fiscal, reported an operational loss of Rs 246.14 crore in the three months ended June 2016. The operating loss in the first quarter of this financial year has come down from Rs 315.37 crore in the year-ago period, Minister of State for Civil Aviation Jayant Sinha informed the lok Sabha on Thursday. “The target fixed by Air India for operating profit for the first quarter of 2016-17 was Rs 87.28 crore against which the company has posted an operating loss of Rs 246.14 crore in the first quarter of 2016-17,” he said in a written reply to the lS.