Economy
Air India Appoints Cross-Functional Team to Drive Cost-Saving Measures
The Hindu1h
THE BRIEF
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Loss-making Air India has established a multi-disciplinary, cross-functional cost savings team to systematically review expenditures and identify expense reduction opportunities across the airline.
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Newly appointed CEO and MD Tewolde Gebremariam also announced the launch of 'PRABHAV - The Value Creator Award' to incentivize staff members who propose viable cost-cutting ideas.
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The airline recorded a consolidated loss of ₹22,238.23 crore for the financial year 2025-26 amid high jet fuel costs and Middle East operational disruptions.