AirAsia India FY21 loss doubles on year, Vistara’s narrows

Mumbai: Tata Sons’ subsidiary airline AirAsia India’s annual net loss almost doubled in FY21 and its net worth got completely eroded as the airline’s business, like its peers, was deeply impacted by the Covid-19 pandemic. Vistara, the conglomerate’s venture with Singapore Airlines, narrowed its losses.

AirAsia India posted an annual loss of Rs 1,532 crore for 2020-21 against Rs 782 crore in the previous year, according to its annual report filed with the corporate affairs ministry.