Air India records record annual loss above $2 billion, shareholder results show
Key takeaways
- Singapore Airlines did not indicate the exchange rate it had used to calculate the loss.
- The loss will be another major setback for Airline, which has been forced to cut scores of international flights in recent months, hitting turnaround plans at the Tata Group-owned airline.
- Air India, which is not listed in India and has not yet filed its earnings with local regulators, declined to comment.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Air India Group recorded a record loss of more than $2 billion for its 2025-26 fiscal year, according to shareholder Singapore Airlines’ annual report, as India’s second-largest airline grappled with disruption from the Iran war and Pakistan’s ban on Indian carriers from its airspace.
In the report released on Thursday, Singapore Airlines (SIA), which owns a 25% stake in Air India, said the Indian group’s losses amounted to 3.56 billion Singapore dollars, or $2.80 billion at current exchange rates, for the 12 months to end-March.
Singapore Airlines did not indicate the exchange rate it had used to calculate the loss. Reuters previously reported that Air India was expected to post an annual loss of over $2.12 billion.