Operating income rose 25% while losses narrowed more than 50% year-on-year, CEO said Campbell Wilson In an internal message to employees, seen by ET, he said “strong momentum has continued” in the first six months of fiscal 2025.
He also said that the “integration of cargo units into a single business entity with a state-of-the-art Cargo Management System” has begun.
ET had reported last month that the airline will integrate the cargo businesses of AIX Connect, Vistara, Air India Express and Air India in one.
Regarding fiscal year 2025, he noted: “The initiatives we implemented are showing early results, which encourages us to think that our efforts are bearing fruit.”
Further, “work has continued at a good pace since the fiscal year ended” and stressed that “strong momentum is crucial to being world-class and financially successful,” he said. He was addressing employees on the second anniversary of Vihaan.AI’s 5-year transformation journey.
The airline has hired 9,000 employees in two years, bringing the headcount to 18,000.
The Air India Group comprises Air India, Vistara, Air India Express and AIX Connect (formerly AirAsia India). In 2022, Tata Group acquired Air India and Air India Express from the Indian government. Tata Group’s Vistara, in which Singapore Airlines Air India, which has a stake, is set to merge with Air India to create India’s only full-service carrier (FSC), while Air India Express and AIX Connect are merging to form a larger low-cost carrier (LCC). The group has ordered 470 aircraft, including 370 optional ones.
Speaking about the company’s international expansion, Wilson said it has started long-haul flights. international operations of a completely new Airbus A350 aircraft between Delhi and London Heathrow, and will introduce it in the US from November 2024.
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