Air India eyes cost cuts amid West Asia crisis
New Delhi, May 8 -- Tata Sons-owned Air India is considering a series of cost-rationalisation measures, including salary cuts for senior executives, reduced variable pay and continued curtailment of flight operations until around September, amid mounting financial pressure and operational disruptions linked to the ongoing West Asia conflict, people aware of the development said.
The discussions took place during the airline's scheduled board meeting at its headquarters in Gurugram on Thursday, the people said.
The meeting, chaired by N. Chandrasekaran, reviewed the airline's financial position and operational challenges as carriers continue to grapple with rising costs triggered by the conflict in West Asia. Air India Group is estimated to ...
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