Tata aviation cuts losses by Rs 9,077 cr in FY24, Air India revenue up 24% Air India, which was privatised in 2022, achieved its highest consolidated revenue of Rs 51,365 crore for FY24, marking a 24 per cent rise from the prior year The Tata Group's aviation business, including Air India, Air India Express, Tata SIA Airlines (Vistara), and AIX Connect (formerly AirAsia India), managed to reduce its losses to Rs 6,337 crore from Rs 15,414 crore the previous financial year, as reported in Tata Sons' FY24 annual report, as mentioned by The Economic Times. The group's digital and electronics division saw a substantial growth of 148 per cent, reaching Rs 1,612 crore, although net losses increased to Rs 2,223 crore from Rs 1,723 crore. Air India, which was privatised in 2022, achieved its highest consolidated revenue of Rs 51,365 crore for FY24, marking a 24 per cent rise from the prior year. This growth was attributed to an increase in capacity to 105 billion available seat km (ASKM) and an enhanced passenger load factor of 85 per cent, the report said. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

Tata aviation cuts losses by Rs 9,077 cr in FY24, Air India revenue up 24% Air India, which was privatised in 2022, achieved its highest consolidated revenue of Rs 51,365 crore for FY24, marking a 24 per cent rise from the prior year The Tata Group's aviation business, including Air India, Air India Express, Tata SIA Airlines (Vistara), and AIX Connect (formerly AirAsia India), managed to reduce its losses to Rs 6,337 crore from Rs 15,414 crore the previous financial year, as reported in Tata Sons' FY24 annual report, as mentioned by The Economic Times. The group's digital and electronics division saw a substantial growth of 148 per cent, reaching Rs 1,612 crore, although net losses increased to Rs 2,223 crore from Rs 1,723 crore. Air India, which was privatised in 2022, achieved its highest consolidated revenue of Rs 51,365 crore for FY24, marking a 24 per cent rise from the prior year. This growth was attributed to an increase in capacity to 105 billion available seat km (ASKM) and an enhanced passenger load factor of 85 per cent, the report said. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR