Official data indicates the cumulative loss of Indian airlines stood at Rs 5,289.73 crore in the last financial year, with Air India Group alone accounting for Rs 9,808.12 crore of the total loss. Air India Reporting The Largest Loss Air India appears to be on the track to record its largest annual loss since the Tata Group took control, as per the media report. All is not bad as 4 out of 11 operators had reported profit including the IndiGo, Blue Dart, Star Air and IndiaOne Air. This data came into picture as it was provided as part of a written reply to the Rajya Sabha on Monday by Minister of State for Civil Aviation Murlidhar Mohol. As per this data, Air India and Air India Express recorded a loss of Rs 3,975.75 crore and Rs 5,832.37 crore, respectively. Similarly, Akasa Air also reported a loss of Rs 1,986.25 crore for the FY 2024-25. Moving ahead, the State-owned Alliance Air’s loss was at Rs 691.12 crore and SpiceJet’s losses stood at Rs 55.67 crore in the last fiscal. Besides these, the list of other loss-making operators include Fly91 (Rs 67.65 crore) and Quikjet Cargo (Rs 1.34 crore). Contrary to this,… Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups
