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Air India Narrows Gap With IndiGo
Mint Mumbai
|July 25, 2025
Air India has inched closer to India's largest airline, IndiGo, in the three years since the Tata Group brought the nationalised carrier back into its fold.
Air India's revenue in 2024-25 jumped 15% to ₹78,636 crore from ₹66,556.21 crore in FY24, after combining the finances of Air India, Tata SIA Airlines Ltd, Talace Pvt. Ltd—making the airline among the largest contributors to Tata Group's ₹15.3 trillion topline in FY25.
IndiGo, operated by Interglobe Aviation, saw its revenue rise to ₹84,098.2 crore in FY25 from ₹68,904.3 crore in the year before.
However, Air India was the largest loss-maker for Tata Sons' latest annual report.
Talace and Tata SIA, or Vistara, were merged under the Air India banner in FY25. Talace was a wholly owned Tata Group subsidiary created for acquiring Air India from the Indian government.
After buying back the airline in 2022, Tata Sons chair N.
This story is from the July 25, 2025 edition of Mint Mumbai.
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