Air India losses reduced by 73%, starts earning Rs 100 crore/day

Air India reported a Rs 7,000 crore write-off in FY23 due to impairments and subsidiary losses. Despite this, the airline reduced its net loss and achieved operating profitability. Under Tata Group's ownership, Air India focused on restructuring & fleet modernization The airline's efforts led to increased unit revenue and daily earnings, signaling a promising turnaround under Tata.