New Delhi, May 14 (IANS) Air India piled up a loss of $2.8 billion for the financial year 2025-26, according to the Singapore Airlines’ annual report released on Thursday.Singapore Airlines Group reported a 57.4 per cent fall in net profit at Singaporean dollars (SGD) 1.184 billion for the financial year ended March 2026 as the losses of Air India, in which the company has a 25.1 per cent share, eroded the overall bottomline.The Singapore Airlines report states that Air India posted losses amoun…
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New Delhi, April 15 (IANS) Air India has reported a wider-than-expected annual loss of over Rs 22,000 crore ($2.4 billion or Rs 220 billion) for FY26, prompting the airline to seek fresh capital support from its shareholders, including Tata Group and Singapore Airlines, a report has said.The loss for the financial year ended March 31 significantly exceeded earlier internal estimates and comes amid a series of operational and geopolitical disruptions that weighed heavily on the airline’s perfor…
New Delhi, March 23 (IANS) The Ministry of Civil Aviation on Monday informed Parliament that a total of 11 airlines have shut down operations in India since 2016, mainly due to financial stress, lack of aircraft availability and internal issues.The information was shared in the Rajya Sabha in response to a question by Trinamool Congress MP Saket Gokhale.In its written reply, the ministry said that while the government is committed to building a strong and balanced aviation sector, airlines opera…