Air India's low-cost airline Air India Express posts Rs 163 cr loss in FY24

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Air India's low-cost airline Air India Express posts Rs 163 cr loss in FY24 - Business Standard

Quick Summary:

While the company's total income increased by 33 per cent year-on-year (Y-o-Y) to Rs 7,600 crore in FY24, its total expenditure grew by 38.

On Friday, Air India Express announced that Hamish Maxwell— who currently holds the position of Senior Vice President (Flight Operations) at Vistara— will step in as its new Chief Operations Officer (COO) from October 31.

Vistara— which is a 51:49 joint venture of the Tata Group and Singapore Airlines— is in the process of being merged into Air India to create a single full-service airline by November 12.