Air India to Cut Costs, Reduce Flights as War Worsens Financial Struggles

Air India Ltd. is looking to implement steps to cut costs and reduce flights in the wake of the Iran war, people familiar with the matter said, just as the unprofitable airline searches for a new leader to navigate an exceptionally difficult period.

Among measures discussed in a board meeting on Thursday were furloughing non-technical employees and cutting flight capacity by over 20% for the next three months unless the situation improves, the people said, asking not to be identified as the talks are private.