Air India to furlough staff and slash flights as Iran war squeezes finances
Air India, partly owned by Singapore Airlines, is preparing to furlough thousands of staff and cut flights by about 12% as the Iran war drives up fuel costs and forces longer routings, sources told Reuters. Second-quarter losses could exceed 350 million dollars. The move risks deepening booking losses across India's aviation sector.
Straits Times Business2 h agoTATAMOTORS SIA