Air India's board, chaired by Tata Sons Chairman N Chandrasekaran, is set to meet on May 7 in Mumbai to address pressing financial issues and the selection of a new CEO. The airline, which is projected to face a staggering loss of over ₹22,000 crore (approximately $2.65 billion USD) for the fiscal year ending March 2026, is exploring various cost-saving measures. Among these is the potential unbundling of meals and lounge access from ticket prices, allowing passengers to opt for lower fares without included services. This strategy aims to mitigate rising operational costs amid soaring jet fuel prices and airspace restrictions resulting from the ongoing conflict in West Asia. The airline's current CEO, Campbell Wilson, is expected to step down later this year, prompting discussions on his successor, with candidates from Air India, Singapore Airlines, and possibly European executives under consideration. The board's agenda also includes reviewing financials for the upcoming fiscal year and addressing the impact of external factors on international flight profitability. Air India has already begun to cut international flights and anticipates further schedule adjustments in the coming months due to these challenges.