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The jet fuel crisis is only the most convenient explanation for what’s happening to Air India
Description
Air India’s board met in Mumbai last week to discuss cost cuts, CEO succession, and whether to start charging business class passengers separately for meals and lounge access. The airline is projecting losses exceeding ₹22,000 crore for the financial year just ended, nearly double the year before. Campbell Wilson is stepping down as CEO.
International flights are being cut by over 20%. Jet fuel costs are up 63% since the war on Iran began. But the crisis arrived at an airline already deep in trouble.
In today’s episode, we look at what was happening inside the Tata turnaround long before the war on Iran began.
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