Air India strike leads to biggest revenue lossJune 2nd, 2012 - 4:25 pm ICT by IANS
New Delhi/Mumbai, June 2 (IANS) The strike by Air India pilots entered the 26th day Saturday, pushing up the airline’s revenue losses to more than Rs.350 crore, one of the biggest loss suffered by it in any strike.
“The loss is on account of ticket cancellation, unused labour and bulk of Boeing 777 fleet being grounded,” an Air India official told IANS.
“We expect to stabilise our operations and cut the losses to less than Rs.5 crore a day from today (Saturday),” he added.
The Indian Pilots Guild (IPG), representing aviators of the erstwhile Air India, went on strike May 8 against the move to train their counterparts from Indian Airlines on the soon-to-be-inducted Boeing 787 Dreamliner.
On Friday, the carrier shifted to an interim plan to salvage its international operations that have been crippled by strike.
“Under the new plan, several destinations where the load factors are quite low have been dropped for now,” the official said.
Among the seven axed international destinations are Hong Kong, Osaka, Seoul and Toronto.
Fuel consumption ofnthe effected sectors has fallen from Rs.16 crore per day to Rs.6 crore as bulk of the Boeing 777 remain grounded.
According to the official, bookings for international destinations have also been tweaked.
Civil Aviation Minister Ajit Singh Friday again asked the agitating pilots to resume work so that negotiations could held.
The pilots, when contacted by IANS, reiterated their demand of reinstatement of 101 sacked aviators and said none of their major issues were resolved by the announcement.
Air India chairman and managing director Rohit Nandan told IANS: “If the airline has to survive, the pilots need to come back. They should think about the long term impact this strike will have on the airline.”
- With pilots on strike, Air India losses mount to Rs.600 crore - Jun 29, 2012
- Air India strike enters 55th day, two more pilots hospitalised - Jun 30, 2012
- Air India strike enters 17th day; loses Rs.270 crore (Lead) - May 24, 2012
- Striking Air India pilots move court over non-payment of dues - Jun 12, 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
- Minister tells striking pilots to get back to work (Lead) - May 29, 2012
- Ajit Singh calls Air India unions for talks (Lead) - May 17, 2012
- Air India losses mount to Rs.200 crore as crisis continues - May 18, 2012
- Pilots want to meet minister for dialogue (Second Lead) - May 24, 2012
- Air India strike continues, losses mount to Rs.330 crore - May 31, 2012
- Air India may not survive if strike continues: Official - Jun 02, 2012
- AI's contingency plan in place, only one flight cancelled - May 16, 2012
- Air India management, pilots still sparring - Jul 05, 2012
- Air India crisis continues for 15th day, losses Rs.250 crore - May 22, 2012
Tags: air india, ajit singh, aviators, boeing 777, boeing 787 dreamliner, civil aviation, fuel consumption, india strike, indian airlines, interim plan, international destinations, international operations, load factors, osaka, reinstatement, revenue losses, rs 6, salvage, seoul, term impact