{"id":1185,"date":"2026-05-14T16:50:05","date_gmt":"2026-05-14T16:50:05","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=1185"},"modified":"2026-05-14T16:50:05","modified_gmt":"2026-05-14T16:50:05","slug":"air-india-records-annual-loss-above-2-billion-shareholder-results-show","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=1185","title":{"rendered":"Air India records annual loss above $2 billion, shareholder results show"},"content":{"rendered":"<p><strong>NEW DELHI: Air India Group recorded a record loss of more than $2 billion for its 2025-26 fiscal year, according to shareholder Singapore Airlines\u2019 annual report, as India\u2019s second-largest airline grappled with disruption from the Iran war and Pakistan\u2019s ban on Indian carriers from its airspace.<\/strong><\/p>\n<p>In the report released on Thursday, Singapore Airlines (SIA), which owns a 25% stake in Air India, said the Indian group\u2019s losses amounted to 3.56 billion Singapore dollars, or $2.80 billion at current exchange rates, for the 12 months to end-March.<\/p>\n<p>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.<\/p>\n<p>The loss will be another major setback for Air India, which has been forced to cut scores of international flights in recent months, hitting turnaround plans at the Tata Group-owned airline.<\/p>\n<p>In a report included with SIA\u2019s disclosures, its auditor KPMG said the company\u2019s management saw \u201cindicators of impairment\u201d for the Air India investment, citing challenging operating conditions and heightened geopolitical uncertainty.<\/p>\n<p>Air India, which is not listed in India and has not yet filed its earnings with local regulators, declined to comment. Its 2024-25 standalone loss stood at $415 million, with consolidated losses when including budget operator Air India Express of $1.13 billion.<\/p>\n<p>\u201cAir India faces headwinds such as industry-wide supply chain constraints, airspace restrictions, constraints on operations to its key Middle East markets, and elevated jet fuel prices,\u201d SIA said in a statement, adding that it was committed to its investment in the group.<\/p>\n<p>Air India\u2019s flight cuts are a boon for foreign \u200bcarriers, with Lufthansa Group and Cathay Pacific among those adding services to one of the world\u2019s fastest-growing aviation markets, Reuters reported on Thursday.<\/p>\n<p>Air India has also been facing intense scrutiny since last year\u2019s Dreamliner crash in Gujarat, India, which killed 260 people.<\/p>\n<p>SIA warned that surging fuel costs due to the Iran war were still \u201cfiltering through\u201d and would weigh more heavily in the year ahead, as it reported a smaller-than-expected 57.4% drop in annual profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Air India Group recorded a record loss of more than $2 billion for its 2025-26 fiscal year, according to shareholder Singapore Airlines\u2019 annual report, as India\u2019s second-largest airline grappled with disruption from the Iran war and Pakistan\u2019s ban on Indian carriers from its airspace. In the report released on Thursday, Singapore Airlines (SIA), [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/1185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1185"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/1185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/1186"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}