Air India board reviews cost-cutting steps amid rising losses and West Asia tensions

Air India's board reviews cost-cutting measures amid rising losses and West Asia tensions. The airline is considering furloughs, bonus deferments, and temporary unpaid leave for employees to contain expenses. Higher jet fuel prices and airspace restrictions linked to geopolitical tensions in West Asia are impacting operations, resulting in a sharp increase in operating expenses. The board also reviewed the airline's financial performance and leadership transition plans, including the selection of a new Chief Executive Officer.