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Mounting Losses Hit Air India: Board Meeting to Focus on Cost-Cutting, New CEO Appointment
Air India's board of directors will discuss massive losses (estimated at over ₹22,000 crore) and global challenges on May 7th. The meeting will consider cost-cutting measures, the selection of a new CEO, and the exclusion of food and lounge benefits from ticket prices.
The board of Air India, a Tata group company, is struggling with heavy losses and international challenges. In its May 7 meeting, Jagran sources reveal that the topics of discussion will include cost-cutting measures, appointment of a new CEO, financial performance, and others.
According to Jagran sources, the company is projected to incur losses of over ₹22,000 crore for the financial year ending March 2026. The ongoing conflict in West Asia has further exacerbated the company's challenges. Jagran sources said the board of directors will meet in Mumbai on May 7th under the chairmanship of Tata Sons Chairman N. Chandrasekaran. It is expected to discuss cost-cutting measures, financial results for the 2025-26 fiscal year, and the appointment of a new CEO. Tata Sons and Air India declined to comment. As part of its stringent cost-cutting measures amid rising jet fuel prices, Air India is considering delinking meals and lounge facilities for business-class passengers from its ticket fares.
Jagran sources said that as part of its stringent cost-cutting measures amid rising jet fuel prices, Air India is considering delinking meals from its ticket fares. Additionally, it is considering making lounge access optional for business-class passengers.
