Now Reading: Air India FY26 loss more than doubles to Rs 22,238 crore
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Air India FY26 loss more than doubles to Rs 22,238 crore
Air India's net loss for FY26 more than doubled to Rs 22,238 crore, according to Tata Sons annual report. Revenue fell to Rs 70,081 crore from Rs 76,754 crore. The airline faced…
The Story in Brief
Air India's net loss for FY26 more than doubled to Rs 22,238 crore, according to Tata Sons annual report. Revenue fell to Rs 70,081 crore from Rs 76,754 crore. The airline faced airspace closures, fuel price hikes and the crash of AI171, making it the most challenging year since Tata Group's acquisition in 2022.
Tata Sons chairman N. Chandrasekaran said rebuilding Air India is a 5- to 10-year journey, extending the earlier five-year turnaround plan. The group reiterated its long-term commitment despite mounting losses. Singapore Airlines, which holds a 25% stake, posted its first quarterly loss since 2022, partly due to Air India's losses.
The Indian Opinion
The usual narrative is that Tata's revival of Air India has failed. But the airline was damaged by decades of neglect. The past year brought war, fuel shocks and a tragic crash beyond management control. The real test will come when external headwinds ease. Watch for Air India's operating margin in the next annual report to see if the turnaround is on track.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
