Air India braces for record $1.6-billion loss after Ahmedabad plane crash
Air India Ltd. is set to report a record annual loss after last year’s deadly crash and airspace shutdowns wiped out progress toward a turnaround, according to people familiar with the matter.
The carrier, which is a joint venture of Tata Group and Singapore Airlines Ltd., is on track to post a loss of at least ₹15,000 crore (~$1.6 billion) for the year ending 31 March 2026, the people said. Earnings were further hit by Pakistan’s closure of its airspace for Indian airlines following a military clash with India, forcing carriers to fly longer routes at higher costs to Europe and the United States, they added.
