Air India is set for a crucial board meeting on May 7 where cost-saving measures, leadership transition, and financial performance will take centre stage. The airline, owned by the Tata Group, is projected to have incurred losses exceeding Rs 22,000 crore in FY26, with recent geopolitical developments compounding its challenges.
According to a PTI report, the Board chaired by N Chandrasekaran, will meet in Mumbai to review financials for 2025-26, deliberate on cost-control strategies, and discuss succession plans for the next CEO. The airline is actively scouting for a replacement as incumbent CEO Campbell Wilson is set to step down later this year.
The airline is also evaluating operational changes to curb rising costs. Among the proposals under consideration is the unbundling of services such as meals and lounge access. This would allow passengers to opt for lower fares without meals, while business class travellers may be given the choice to pay separately for lounge access, the PTI reported citing sources. However, sources clarified that these measures are still under discussion and no final decision has been taken.
Air India’s cost pressures have intensified due to the ongoing West Asia conflict, which has forced longer flight routes because of airspace restrictions, leading to higher fuel consumption. The situation has further strained the airline’s finances amid already elevated aviation turbine fuel prices.
03/05/2026 Business Today
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