Air India H1 losses estimated at ₹10,800 crore
In short
Air India’s first-half losses were estimated at ₹10,800 crore. The airline’s losses narrowed 15.8% year on year, and Singapore Airlines said it took a S$361.7 million hit tied to the carrier.
The continued losses also reduced the value of Singapore Airlines’ investment in Air India by 29.5%.
What the reporting says
Air India’s first-half losses were estimated at ₹10,800 crore, as Singapore Airlines said it absorbed a S$361.7 million hit from the carrier. Continued losses also cut the carrying value of Singapore Airlines’ investment in Air India by 29.5%, reflecting the strain on the carrier.
Why it matters
Air India’s estimated half-year losses of ₹10,800 crore and the 15.8% year-on-year narrowing point to continuing pressure on the airline’s finances. Singapore Airlines said it absorbed a S$361.7 million hit, and the carrying value of its Air India stake fell 29.5%, showing the impact on the investor as well as the airline.