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Air India cuts flights citing lower demand

Air India cuts flights citing lower demand
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First Published: Thu, Jun 02 2011. 06 00 PM IST
Updated: Thu, Jun 02 2011. 06 00 PM IST
Mumbai: State-run carrier Air India has withdrawn at least 25 flights across domestic and international sectors till 15 June, citing lower demand, a spokesman told Reuters.
“We are in a lean season. On a daily basis, Air India operates around 480 flights, of which 25-odd flights have been curtailed, in the sense they have been mixed with other flights on a route,” he said.
The airline has reduced the flights across both metros and tier-2 and -3 cities as well as on some international routes, he said.
Air India said flights would “come back to normal” after the 15th of this month.
Air India, which witnessed a pilots’ strike recently, had posted a net loss of Rs 5550 crore in 2009/10. It has not disclosed its latest annual results for 2010/11.
The airline was also in danger of being put on cash and carry mode by the Delhi and Hyderabad airports as it owed about Rs 280 crore to them.
GMR, operator of the two airports, however, later defered the cash and carry arrangement after working out a payment plan. Under cash and carry it would not have been able to operate flights out of the airports until it cleared dues.
The carrier is also in discussions with banks for restructuring Rs 20000 crore of debt and expects to complete the formalities by end-June.
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First Published: Thu, Jun 02 2011. 06 00 PM IST
More Topics: Air India | Flights | Domestic | International | GMR |