Air India is set for a crucial board meeting on May 7 in Mumbai as it grapples with mounting financial and operational challenges. The airline, owned by Tata Group, is projected to have incurred losses exceeding Rs. 22,000 crore in FY26, exacerbated by geopolitical tensions in West Asia. The board, chaired by N Chandrasekaran, is expected to deliberate on cost-cutting measures, financial performance, and succession planning for CEO Campbell Wilson, who is set to step down later this year.