Tata Group-owned low-cost carrier Air India Express is expected to report a loss of around ₹3,500 crore for FY26, industry insiders familiar with the matter told businessline.
However, when approached for comment, Air India Express did not respond.
According to sources, the Board of Air India Express is expected to review the financial performance and broader business strategy during its scheduled meeting on April 30.
After the review, these numbers will be presented to the Air India Board on May 7.
Notably, the airline had reported an estimated loss of around ₹5,000 crore in FY25.
Speaking to businessline, sources indicated that losses are estimated to have declined by nearly 35 per cent year-on-year, driven by stronger revenue growth and tighter cost management measures.
The reported loss represents a reduction of at least ₹2,000 crore in annual losses.
Nonetheless, elevated aviation turbine fuel prices, rupee depreciation, and increased operating expenditure across multiple segments continued to weigh on margins.
Meanwhile, continued geopolitical instability in West Asia during the second half of the fiscal disrupted operations and increased costs linked to route diversions and longer flying durations.
The airline’s Middle East operations were especially hit. The airline is India’s largest operator of flights to the region.
Revenue is understood to have risen by nearly 18 per cent during the fiscal, driven by sustained passenger demand, network expansion, and improved utilisation across domestic and international operations.
29/04/2026 Rohit Vaid/Business Line
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