Air India may post $1.6 billion loss after Ahmedabad plane crash amid airline’s turnaround plan: Report
Tata Group-owned full-service airline operator, Air India, is expected to report at least $1.6 billion net loss in the financial year ending 2025-26 after the deadly Ahmedabad crash amid the company’s turnaround plan of the aviation giant, reported the news agency Bloomberg, citing people aware of the development.
The sources also told the news agency that the Tata Group and Singapore Airlines joint venture firm, Air India’s earnings are expected to be further impacted by the airspace closure of Pakistan for Indian operators after the conflict between the two countries.
