Air India Reports Record Losses Amid Rising Turbulence

Air India has announced a sharp rise in its losses, marking a significant downturn in its financial performance. The state‑owned carrier, which has long been a flagship of India's aviation sector, reported a steep decline in profitability in its latest quarterly earnings. Analysts attribute the surge in losses to rising operational costs, intense competition from low‑cost carriers, and lingering effects of the global pandemic. The government has signaled plans to review the airline's strategy and explore restructuring options to restore profitability.