Air India reports a 60 per cent reduction in losses in FY24

Air India has reduced its losses by 60 per cent to Rs 4,444.10 crore in FY24 compared to Rs 11,387.96 crore in FY23. The airline's turnover increased by 23.69 per cent to Rs 38,812 crore during the same period. Tata Group is merging AirAsia India with Air India Express and Vistara with Air India.