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Air India transformation has no shortcut says Singapore Airlines CEO amid major external shocks
Business
Published on 15 May 2026
Pakistan airspace closure forces longer routes and bigger bills
Singapore Airlines CEO Goh Choon Phong said Air India’s turnaround is a “long game” with no quick fixes, blaming “largely external” pressures. In SIA’s briefing on its fiscal 2025-26 results, he pointed to Pakistan airspace closure for over a year, rupee depreciation, supply-chain disruptions, Middle East conflict, and post-AI171 crash capacity constraints. Air India posted losses of more than SGD 3.56 billion (over Rs 26,700 crore) for FY ended March 2026, while SIA highlighted workforce changes as part of Air India’s multi-year transformation.
- SIA CEO says Air India’s turnaround has no shortcut
- Air India loss topped SGD 3.56 billion in FY ended March 2026
- Pakistan airspace closure has disrupted routes for over a year
- Rupee depreciation is cited as a major headwind
- Post-AI171 crash, temporary capacity reduction followed
- Air India hired 14,000+ staff since 2022; average age fell to 36
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times