Air India’s FY26 losses more than double to ₹22,238 crore, turnaround deadline extended
Air India reported a significant net loss of ₹22,238 crore in FY26, more than doubling the previous year's losses. Tata Sons Chairman N. Chandrasekaran cited geopolitical tensions, fuel price hikes, and operational challenges as reasons for the setback, extending the expected turnaround timeline.
Why it matters
The financial health of a major national airline is a key indicator of economic stability and the success of large-scale corporate privatization efforts.
Air India’s financial turnaround suffered a major setback in FY26, with the privatised airline reporting a net loss of ₹22,238 crore, more than double the ₹10,859 crore loss suffered in the previous financial year, according to Tata Sons Annual Report for FY26.
The company’s revenue also dropped to ₹70,081 crore from ₹76,754 crore a year ago, indicating the scaled down operations amidst geopolitical developments.
It appears the quantum of loss at Air India during the current quarter will be increasing going by the dismal quarterly performance of Singapore Airlines which reported a loss of $58.7 million in the first quarter, the first loss since 2022 when it was impacted by COVID-19.
Singapore Airlines’ quarterly losses were attributed to steep hike in jet fuel prices and mounting losses at Air India where it has 25% stake.
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