TATA Group reports consolidated loss of $1.87 million from airline business

Tata Group reported a consolidated losses of $1.87 bn citing financial liabilities and the cost of fixing grounded planes and upgrading aircraft. The Tata Group currently comprise of Air India, Air India Express, AirAsia India, and Vistara reported a total loss of $1.4 bn. The group revealed its results for last financial year with Air India’s financial liabilities continuing to affect the bottom line despite an uptick in business. Air India Express was the only airline in the Tata Group to post a profit, with a net profit of $14 million in the last financial year. Air India’s total loss was