Air India’s board is set to convene on May 7 for a crucial meeting that will focus on cost rationalisation, financial performance and the long-pending appointment of a new chief executive officer, as the airline navigates a challenging phase marked by heavy losses and external pressures.
Chaired by Tata Sons Chairman N Chandrasekaran, the meeting in Mumbai will review the airline’s financials for FY2025–26 and deliberate on a range of cost-control strategies aimed at stabilising operations.
The Tata Group-owned carrier is estimated to have incurred losses exceeding Rs 22,000 crore in FY26, underscoring the urgency of corrective measures. These financial strains have been exacerbated by rising aviation turbine fuel prices and ongoing geopolitical tensions in West Asia, which have disrupted flight routes and increased operating costs.
Among the measures under consideration are unbundling certain services—such as meals and lounge access—from ticket pricing, a move aimed at improving cost efficiency and aligning with global airline practices.
The board is also expected to take stock of the CEO succession process, with incumbent CEO Campbell Wilson set to step down later this year. While the final decision may or may not be taken at the upcoming meeting, the leadership transition remains a critical priority as the airline seeks to accelerate its turnaround strategy.
04/05/2026 Business World
To Read the News in full at Source, Click the Headline
0 Post a Comment:
Post a Comment