# The Tata Group-owned airline is estimated to have incurred losses exceeding Rs 22,000 crore in the financial year ended March 2026.

*aerospace · news · 2026-05-03 · Moneycontrol*

## Key points

- Air India incurred estimated losses exceeding Rs 22,000 crore for the financial year ending March 2026.
- The board will discuss CEO succession, considering internal and international candidates, and possibly a joint CEO/MD.
- Air India is considering unbundling meals and making lounge access optional for business class to cut costs.
- Longer international routes due to West Asia airspace closures have significantly increased Air India's operational costs.

**Companies:** Tata Group, Singapore Airlines, Air India, IndiGo, SpiceJet, Spirit Airlines
**Countries:** India, Singapore, United States

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/companies/air-india-to-discuss-ceo-succession-cost-cuts-at-crucial-board-meeting-on-may-7-report-13906617.html)

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