Air India is grappling with a leadership vacuum, mounting losses and operational setbacks as Indian authorities prepare to release their final report on the June 2025 crash of flight AI-171, which went down shortly after take-off from Ahmedabad (a major city in western India) and killed 260 people. CEO Campbell Wilson resigned last month as the airline's losses for the year ending March 2026 reportedly reached $2.4bn, making it the biggest loss-making entity within the Tata Group, which acquired the state-owned carrier in 2022. Analysts warn the situation may worsen before it improves, with currency depreciation, aircraft delivery delays, route cancellations and the potential reputational fallout from the crash investigation all threatening to derail the airline's five-year turnaround plan.