Air India strike continues for 19th day, losses at Rs.290 crore

New Delhi/Mumbai: 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.
26/05/12 IANS/NY Daily Times

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Categories: Air India May 2012