Tata Group-owned Air India, Express post Rs 22,238 cr FY26 loss

Tata Group-owned Air India and its low-cost subsidiary Air India Express reported a combined net loss of Rs 22,238 crore in FY26, more than double the Rs 10,859 crore loss recorded in the previous financial year, even as their combined revenue declined nearly 9 per cent. According to the airlines’ annual reports, the combined revenue stood at Rs 71,870 crore in FY26. Air India posted revenue of Rs 51,452 crore and a net loss of Rs 15,368 crore, while Air India Express reported revenue of Rs 19,088 crore and a net loss of Rs 6,767 crore. Air India is currently owned 73.82 per cent by Tata Sons, 25.1 per cent by Singapore Airlines and 1.08 per cent by employees under a share benefit scheme created during the airline’s privatisation in 2022. Addressing shareholders, Air India Chairman N. Chandrasekaran said the carrier’s transformation should be viewed as a long-term exercise, stressing that building a world-class global airline cannot be achieved within a few quarters. “Every great airline in history was built over decades, not quarters,” Chandrasekaran wrote in his message to shareholders.