23-May-2012 10:31 AM

Air India extends contingency plan for curtailed operations to 01-Jun-2012

Air India reportedly extended its contingency plan for curtailed operations from 25-May-2012 to 01-Jun-2012 as a strike by the carrier’s pilots entered its 15th day (Press Trust of India/Economic Times, 22-May-2012). Under the plan, the carrier has been operating a greatly reduced international schedule with services to destinations in the US and Europe suspended. The loss accumulated during the strike reportedly totals INR2.5 billion (USD45.1 million) while the per day losses have declined from INR130-150 million (USD2.3-2.7 million) to INR100-110 million (USD1.8-2 million) due to the carrier’s reduced operations.