What happened: Air India’s FY26 loss more than doubles
Air India reported a major setback in FY26. According to the annual report of Tata Sons, Air India’s privatised airline recorded a net loss of ₹22,238 crore in FY26, which is more than double the loss reported in FY25. Revenue for FY26 fell to ₹70,081 crore from ₹76,754 crore.
The annual report attributes the revenue decline to scaled-down operations during a period marked by geopolitical developments.
In the same reporting period, Singapore Airlines, which holds a 25% stake in Air India, reported a Q1 loss of $58.7 million. Singapore Airlines described it as the first loss since 2022 after COVID-19 impacts and attributed it to a steep rise in jet fuel prices and mounting losses at Air India.
Background and earlier position: turnaround under Tata ownership
Tata Group acquired Air India in January 2022. Tata Sons chairman N. Chandrasekaran described FY26 as the most challenging year since that acquisition and linked the strain to geopolitical tensions, operational disruptions, and one-off events affecting operations.
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