Whalesbook
Arey yaar, Air India ki situation kaafi tight lag rahi hai. Latest projections ke hisaab se, March 2026 tak khatam hone wale fiscal year mein inka loss ₹22,000 Crore se bhi paar ja sakta hai. Yeh number pichle saal ke loss ka lagbhag double hai aur pehle ke andar ke andazon se bhi kaafi zyada hai.
Is bade nuksaan ka sabse bada reason hai global markets mein chal rahi gadbad. West Asia mein jo tensions chal rahi hain, uski wajah se flights ko alternate routes se udana pad raha hai, jisse fuel kharcha aur operational costs badh gaye hain. Global level par jet fuel prices bhi aasman chhu rahi hain. Asia aur Oceania mein bhi bade price hikes hue hain, aur Europe aur US mein toh record highs chal rahe hain. Iska seedha impact airline ke profit par pad raha hai.
Aur suno, IATA ne bhi warning di hai ki June se September 2026 tak, jab travel season peak par hoga, Asia aur Europe mein jet fuel ki shortage ho sakti hai. Agar aisa hua toh major routes par ticket prices 8-15% tak badh sakti hain.
Ye toh ho gayi global baat, ab internal comparison dekho. India ki doosri badi airline IndiGo toh Q3 FY25-26 mein ₹549.8 Crore ka profit dikha rahi hai aur Q3 FY26 mein bhi ₹5,491 million kamaye hain. Haalanki, unka bhi Q2 FY26 mein ₹2,582 Crore ka loss tha. Dusri taraf, SpiceJet bhi losses mein hi chal rahi hai, Q3 FY26 mein unka loss thoda kam hua hai, par September 2025 tak unka accumulated loss ₹86,379 million ho chuka hai. Poore Indian aviation industry ke liye bhi ICRA ne FY2026 mein ₹20-30 billion ka net loss predict kiya hai. Aur US mein toh Spirit Airlines ne apna operations hi band kar diya hai.
Air India ki apni alag mushkilein hain. August 2025 tak in par ₹26,879.6 Crore ka purana debt bhi hai. Tata Group ne 2022 mein jab se ise acquire kiya hai, tab se operational inefficiencies ki wajah se turnaround mushkil ho raha hai. IndiGo ke paas strong cash reserves hain, par Air India ko apna scale aur operational complexity manage karne mein kaafi financial strain aa rahi hai. Safety issues bhi hain, aur CEO Campbell Wilson ke jaane ke baad strategic uncertainty bhi hai. Airline ki financial stability ke liye Tata Group aur Singapore Airlines ka support bahut zaroori hai, matlab aur paisa lagane ki need padegi.
Ab company ke board mein jaldi hi meeting hone wali hai, jahan bade cost-saving measures par baat hogi. Jaise ki meals aur lounge access ko unbundle karna (matlab alag se charge karna). Saath hi naye CEO ki khoj bhi shuru hogi. Indian aviation market toh grow kar raha hai, FY26 mein 175-181 million domestic passengers ka target hai. Par Air India ke liye is growth ka fayda uthana tabhi hoga jab wo apni financial problems aur operational weaknesses ko theek kare. Analysts ka kehna hai ki jab tak structural changes aur favorable economic climate nahi aata, tab tak Air India jaise carriers ke liye profit kamana ek challenge hi rahega.