Air India Cuts Domestic Flights by 22 Percent
Air India plans to reduce its domestic flight schedule for June and July by 22 percent as the industry faces rising jet fuel costs. The airline is rationalizing operations on certain routes while monitoring conditions to restore frequencies as fuel prices stabilize.
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Air India will cut domestic flights by 22% in June and July as rising jet fuel costs pressure the carrier's margins. The reduction follows international route cuts and a record annual loss exceeding $2 billion for the airline. Reduced capacity allows foreign rivals to capture market share in India while domestic fares are expected to rise directly linked to the rise in jet fuel costs.
