Tata Group-owned Air India formed a multidisciplinary, cross-functional Cost Savings Team to systematically review expenditure and identify cost-saving opportunities across all functions.
CEO Tewolde Gebremariam said elevated oil prices, the West Asia crisis, airspace closures, and high jet fuel costs are putting significant pressure on margins and flight routes.
The airline launched 'PRABHAV – The Value Creator Award' to invite employee ideas for reducing costs, and revised its staff on duty approval matrix to require HOD, CXO, and CEO sign-offs.