Tata Group-owned, Air India is likely to narrow its losses in FY24 to around Rs 7,000 crore against Rs 11,381 crore in FY23. When contacted, Air India did not comment on its FY24 financial performance.According to sources, healthy growth in passenger traffic boosted revenues during the year, while cost-saving measures such as automation lowered the expenses.
The fiscal year 2023 was the first full financial year when the airline functioned under the Tata Group, which acquired it in…
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