Air India Express reports net loss of $7.23 million in FY22

Air India Express has reported a loss for the first time in seven years in spite of the rise in passenger traffic by 56% since the pandemic. The airline charts showed a net loss of US$7.23 million in the financial year 2022 while reporting a profit of US$9.82 million in the financial year 2021. The second and the third wave of the pandemic hit the regional international market and hampered market recovery, the airline said. Air India Express mostly operates flights between India and Gulf nations. Currently, there are 24 737s in Air India Express fleet. “The airline, as such, continued