Air India Faces Record $1.6 Billion Loss: Report

Air India is on track to record its largest annual loss since the Tata Group took control, according to a Bloomberg report citing people familiar with the matter. It would cap off a year marked by a deadly crash and prolonged airspace disruptions.

The report said the carrier is expected to post a loss of at least INR 150 billion ($1.6 billion) for the fiscal year ending March 31, 2026. The reversal erases much of the progress the airline had made toward stabilizing its finances after years of losses.

The expected result follows three years in which filings compiled by business intelligence platform Tofler show Air India lost INR 322 billion ($3.5 billion). Last year, the airline sought INR 100 billion ($1.1 billion) in fresh financial support.

According to Bloomberg, Air India’s board rejected a management plan that projected a return to profitability only after three ye