Tata Air India Loss

Pakistan’s airspace closure to Indian airlines, including Air India (AI) and IndiGo (6E), is set to cost the industry ₹7,000 (~$1 Billion) crore annually.

Airlines under the Tata group umbrella reported a loss of Rs 15,530 crore during FY 23 due to the inclusion of impairment charges amounting to Rs 5,103 crore related to the old aircraft of Air India (AI).