Air India strike continues for 19th day, losses at Rs.290 croreMay 26th, 2012 - 4:08 pm ICT by IANS
New Delhi/Mumbai, May 26 (IANS) The Air India pilots’ strike continued for the 19th day Saturday, mounting the national carrier’s losses to Rs.290 crore.
“Till now, the losses stand at Rs.270 crore on various accounts such as ticket cancellations, unused labour and bulk of Boeing-777 fleet being grounded,” a senior Air India official told IANS.
“While some of our bookings have gone up due to maximum seat categories being in the lowest price bracket, our per-day losses are now contained downwards of Rs.10 crore in the current contingency plan,” he said.
The airline had Thursday decided to reduce fares by placing a large chunk of seats under the lowest fare category to augment its share in the domestic and international sector.
The airline had the fourth-largest market share in April at 17.6 percent, preceded by SpiceJet at 17.7, Jet Airways at 21.4 percent and IndiGo at 23.8 percent.
Apart from the new fare scheme, the airline will shift to a truncated interim schedule for June 1, whereby it will drop seven international destinations, which include Hong Kong, Osaka, Seoul and Toronto, from its regular routine. The airline will then operate only 38 services instead of the regular 45.
Currently, the carrier is operating through a contingency plan under which a bare minimum number of flights are maintained by clubbing operations to various destinations in Europe and the United States.
Air India has maintained that it has enough executive pilots to operate long-haul destinations in the US and Europe.
The development comes a day after Civil Aviation Minister Ajit Singh gave a stern message to the striking pilots that the airline may begin hiring new pilots if the agitation continued.
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- AI employees suffer as strike continues for 19th day (Lead) - May 26, 2012
- Panel to rationalise Air India's loss-making routes (Lead) - May 28, 2012
- Day 22, Air India loss mounts to Rs.310 crore - May 29, 2012
- Minister tells striking pilots to get back to work (Lead) - May 29, 2012
- Air India to shift to interim plan from June 1 (Second Lead) - Jun 01, 2012
- Air India to shift to interim plan from June 1 (Lead) - May 31, 2012
- Air India strike continues, losses mount to Rs.330 crore - May 31, 2012
- AI board meet to decide on Boeing 787 arrival date, employees VRS - May 25, 2012
- Air India strike enters 17th day; loses Rs.270 crore (Lead) - May 24, 2012
- Air India flies out stranded British Airways passengers - May 26, 2012
- Pilots want to meet minister for dialogue (Second Lead) - May 24, 2012
- Ajit Singh calls Air India unions for talks (Lead) - May 17, 2012
- Air India to resume flights to most global destinations - Aug 12, 2012
- Air India to cut loss-making routes (Lead) - Jun 05, 2012
Tags: agitation, air india, ajit singh, boeing 777, chunk, civil aviation, contingency plan, haul destinations, india strike, interim schedule, international destinations, international sector, jet airways, lowest fare, national carrier, osaka, price bracket, spicejet, stern message, striking pilots