Air India CEO and MD Tewolde Gebremariam on Tuesday said the airline is facing multiple operational and financial headwinds, including a sharp rise in fuel prices, geopolitical tensions in the Middle East and the closure of Pakistani airspace.
\n\n"We have unique problem of the airspace closure here in the Pakistan airspace closure. That is affecting us and our competitors, they are not affected by the same problem. But I put these all problems as short-term headwinds or turbulence that we need to navigate so that we emerge stronger for our future, for the long-term future growth," he said.
\n\nHe said rising fuel costs were an industry-wide concern, with airlines currently facing fuel prices that are more than double the levels seen a year ago. Geopolitical developments in the Middle East are also affecting carriers, either directly or indirectly, adding to the pressure on the aviation industry.
\n\nThe combination of airspace restrictions, geopolitical uncertainty and elevated fuel costs is expected to prompt Air India to recalibrate its network and reassess its operations, he said.
\n\nThe comments come at a time when Indian airlines are grappling with higher operating costs and disruptions to international flight routes amid geopolitical uncertainties and elevated aviation…
Original source: https://www.timesnownews.com/business-economy
