Air India's transformation is going to be a "long game, and there is no shortcut", its co-owner, Singapore Airlines' CEO Goh Choon Phong, said on Friday as he mentioned that the Indian carrier is facing various challenges, including Pakistan airspace closure and rupee depreciation. At a briefing to discuss Singapore Airlines (SIA) Group's financial results for the 2025-26 financial year, he also said that Air India has "largely external challenges". Singapore Airlines on Thursday reported a 57.4 per cent decline in net profit at SGD 1.184 billion in the fiscal year ended March 2026, mainly due to the absence of a prior-year one-off accounting gain related to the Vistara merger, and Air India losses. Air India's loss stood at more than SGD 3.56 billion (over Rs 26,700 crore) in the financial year ended March 2026, as the carrier grappled with the fallout of airspace curbs and other headwinds, as per the figures disclosed by the SIA Group in its financial report for 2025-26. Goh Choo
Air India will operate two daily flights between Delhi and Ludhiana using its A320 family aircraft
Singapore Airlines cites mounting Air India losses, geopolitical uncertainty and operating challenges for steep decline in annual net profit
The loss marks Air India's biggest annual loss since the airline was acquired by the Tata Group in 2022
Air India Cuts International Flights To US, Europe, Australia Amid Rising Costs
Foreign airlines' share of India-origin international scheduled flights rose to 58.4 per cent in March-May, from 51.2 per cent a year earlier, OAG data shows
Tata Group-owned carrier suspends seven overseas routes and reduces services across North America, Europe and Asia amid rising fuel costs and airspace restrictions
Air India has suspended six international routes and cut services amid airspace restrictions and soaring jet fuel costs
Air India has terminated more than 1,000 staff in the last three years for ethical breaches, including those for misusing the employee leisure travel system, according to the airline's chief Campbell Wilson. Flagging that hundreds of employees are terminated every year due to non-compliance, Wilson has also emphasised that the staff need to act in the right way even when others are not looking. As Air India implements cost-saving measures amid significant financial headwinds, Wilson made the remarks during the town hall meeting with the staff on Friday, according to sources. Tata Group-owned Air India has around 24,000 employees now. The airline's CEO and MD said that over the past three years, "we have terminated more than 1,000 people for ethical breach" such as smuggling things off the plane and allowing excess baggage onto the aircraft without being charged. He also mentioned hundreds of staff who had misused the Employee Leisure Travel (ELT) system and added that such things
Air India plans cost cuts and flight reductions as the Iran war, soaring fuel prices and weak demand deepen the airline's financial troubles
Air India has deferred annual salary increments and urged employees to cut discretionary spending amid rising fuel prices and geopolitical disruptions
Air India CEO Campbell Wilson on Friday asked the employees to suspend discretionary spending and defer non-critical expenditures as he emphasised the need to cut down on costs in these "tough times", according to sources. The management of the loss-making airline, which has been facing multiple headwinds especially due to the West Asia conflict, told staff that layoffs are not anticipated. Wilson, along with Chief Financial Officer Sanjay Sharma and Chief Human Resources Officer Ravindra Kumar GP, addressed the airline's employees during a townhall on Friday. As per the sources, Kumar said Air India will proceed with variable pay for the last financial year and continue with planned promotions while annual increments will be deferred by at least one quarter in light of the uncertain economic environment. "We don't anticipate layoffs," he said. Calling for a relentless focus on costs in these tough times, Wilson urged employees to suspend discretionary spending, renegotiate rates
Air India board reviews mounting FY26 losses, cost cuts and CEO succession plans as fuel prices and West Asia disruptions hit operations
Air India's board of directors met in the national capital on Thursday amid the loss-making airline facing multiple headwinds in the wake of the West Asia conflict. The meeting is expected to discuss various issues, including financials and cost-saving measures. Discussions related to the selection of a new CEO are also likely at the board meeting. Current CEO and MD Campbell Wilson will be stepping down later this year. Airspace curbs and higher jet fuel prices due to the West Asia conflict are adversely impacting the airline, which is in the midst of an ambitious transformation plan. Operational costs have gone up significantly in recent months for the carrier. Against this backdrop, the airline is mulling various cost-saving measures. Sources said the board meeting started after 11 am on Thursday. Specific details about the agenda for the meeting could not be ascertained. Air India board is chaired by Tata Sons Chairman N Chandrasekaran. Wilson, Singapore Airlines CEO Goh
The choice of a new CEO comes at a crucial time for Air India, which is grappling with heavy losses, heightened regulatory scrutiny after a deadly crash last year
As headwinds persist for the loss-making Air India, its board is expected to discuss cost-saving plans, selection of the next CEO, financials, and other issues during the meeting scheduled for May 7, according to sources. Headwinds for the Air India Group, which is projected to have incurred more than Rs 22,000 crore loss in the financial year ended March 2026, have multiplied with the West Asia conflict. In the midst of an ambitious transformation plan, the Tata Group-owned airline is also scouting for a new CEO as incumbent and Singapore Airlines Group veteran Campbell Wilson will be stepping down later this year. The sources said the board, chaired by Tata Sons Chairman N Chandrasekaran, will meet in Mumbai on May 7. Various cost-saving measures, CEO succession plans, financials for 2025-26 fiscal year as well as other issues are expected to be discussed during the meeting, the sources said. Tata Sons and Air India did not offer comments. As part of stringent measures to save
Singapore Airlines holds a roughly 25% stake in Air India, with the rest owned by Tata Sons
Loss-making Air India will reduce its international flights till July, as the airspace curbs and surge in jet fuel prices have made many routes unprofitable, its CEO and Managing Director Campbell Wilson said on Friday. "We have reduced some flying for April and May...massive rise in jet fuel prices which, together with airspace closures and longer flying routes, have caused many of our international flights to become unprofitable to operate," he told the staff in a message. Airspace restrictions in the wake of the West Asia conflict have forced the airline to take longer routes for many international destinations, resulting in increased fuel burn. Wilson, who has announced plans to step down later this year, said the airspace and jet fuel price situation remains extremely challenging. The situation leaves the airline with no choice "but to further trim schedules for June and July", he added. "We very much regret the disruption to our customers' plans and our crew's rosters, and h
The civil aviation ministry has issued the standard operating procedure for operationalising the hub and spoke aviation model to ensure smooth domestic to international connectivity for passengers, and Air India is expected to start trials based on the model in June, according to sources. The Hub and Spoke (H&S) model will provide smooth connectivity for passengers travelling from spoke airports to international destinations through a hub or larger airport. One of the sources said Air India is expected to start trial H&S flights from Varanasi airport from June 1. Passengers will take a flight from Varanasi to Delhi and then another flight to London. The move is part of efforts to make India, one of the world's fastest domestic civil aviation markets, as a global aviation hub. Under the model, Domestic to International (D-I) and International to Domestic (I-D) operations will be facilitated in a smoother manner for passengers, including in terms of immigration processes and ...
IndiGo and Air India flag high tariffs and poor connectivity at Noida airport, warning of higher fares and slower traffic growth despite operator's defence of pricing