BusinessPhoto: Amar BusinessAir India Forms Cost-Saving Team Amid ₹22,238 Crore Loss
Air India, facing geopolitical tensions in West Asia, foreign airport restrictions, and rising aviation turbine fuel prices, has formed a full-time multidisciplinary cost-saving team. CEO Tevolde Gebremariam announced stricter financial approval rules to control expenses. The airline's consolidated loss nearly doubled last fiscal year to ₹22,238 crore. Owned by Tata Group and Singapore Airlines, Air India is implementing these measures amid severe operational challenges.
Amar Business·


