Why is Air India under enormous debt and loss?
- Feb, 9 2023
- 0
Air India, India's national carrier, is facing enormous debt and losses due to a variety of factors, including mismanagement and increasing competition in the aviation industry. The airline has been struggling to reduce its huge debt and improve its financial performance for years. The airline has accumulated a staggering amount of debt due to its inefficient management, high operating costs, and large fleet size. The government has been providing financial support to Air India to help it stay afloat, but the airline's losses continue to mount. In addition, the airline faces stiff competition from both domestic and foreign airlines, making it difficult for the airline to remain financially viable in the long term.