Airlines owned by Tata group posted a loss of Rs 15,530 crore in FY 23 as the group undertook impairment charges of Rs 5,103 crore on impairment charges on old aircraft of Air India. In total Air India registered a loss of Rs 11,216.32 crore while earning revenue of Rs 37,928.70 crore, according to the annual report filed by Tata Sons.
Air India Express, which is Air India’s subsidiary is the only profit making entity reporting a net profit of Rs 116.84 crore while other group airlines – AirAsia India, and Vistara – posted a loss of during the last fiscal year.
