Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles

Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles

Air India Ltd. is looking to implement steps to cut costs and reduce flights in the wake of the Iran war, people familiar with the matter said, just as the unprofitable airline searches for a new leader to navigate an exceptionally difficult period.

Air India Under Pressure: Why The Airline Is Considering Cost Cuts And Furloughs

Air India is reportedly considering a series of cost-cutting measures, including possible furloughs for non-technical staff, lower bonuses and a reduction in flight capacity by more than 20 per cent.

Air India, co-owned by SIA, to furlough staff, cut flights as war worsens financial struggles: Sources

SIA has a 25.1 per cent stake in Indian carrier. Read more at straitstimes.com.

Air India turns to pay cuts and fewer flights as war worsens financial struggles

Air India is considering major cost-cutting steps amid the Iran war, including furloughs for nontechnical staff, salary cuts for senior executives, lower bonuses and reducing flight capacity by over 20% for the next three months.

Air India plans cost cuts, flight reductions as Iran war deepens crisis

Air India ended the financial year on March 31 with a record loss of more than Rs 220 billion.

Air India weighs cost cuts, flight reductions as Iran war worsens financial struggles

The Indian carrier’s losses have dragged down earnings at SIA, which holds a 25.1% stake