Tata Group-owned full-service airline operator, Air India, is expected to report at least $1.6 billion net loss in the financial year ending 2025-26 after the deadly Ahmedabad crash amid the company's turnaround plan of the aviation giant, reported the news agency Bloomberg, citing people aware of the development. Air India, Tata Group and Singapore Airlines did not respond to the queries sent regarding the news development. However, the report now mentions that the company's profitability is out of reach, as per the people aware of the development. The rising losses for the company are a concern for both Tata Group and Singapore Airlines amid the company's plans to reportedly replace Campbell Wilson. However, according to the agency report, the search may not conclude until the crash report is released.

Source: Mint January 22, 2026 15:58 UTC