Petrol excise duty cut may crimp size of Air India bailout
6 years, 3 months ago

Petrol excise duty cut may crimp size of Air India bailout

Live Mint  

New Delhi: Hopes of financially-beleaguered Air India Ltd to win a generous bailout package from the government have been dashed by last week’s surprise cuts in excise taxes on petrol and diesel. The Air India bailout deal envisages transferring part of the airline’s debt and non-core assets to a separate entity. “The ₹ 980 crore earmarked as part of the first supplementary demands for grants will, however, be released immediately.” A finance ministry official, who also spoke on condition of anonymity, said a new bailout package has to go to the cabinet “at some point in time as the one currently in effect was cleared by the cabinet.” The current bailout scheme is to end in FY21. Air India had sought ₹ 2,121 crore from the government this fiscal under the ongoing bailout package but had received only ₹ 650 crore for meeting operational expenses.

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History of this topic

Air India eyes 20% share in air cargo biz in 2-3 years
1 year, 5 months ago

Air India eyes 20% share in air cargo biz in 2-3 years

Live Mint  

NEW DELHI : Air India plans to bolster its presence in the air cargo segment, with a target of securing a 20% market share over the next 2-3 years by utilizing the airline’s incoming fleet of wide-body aircraft that will double its capacity in the near- to medium-term, two people familiar with the development said. Air India’s market share in …

Air India: ₹7,000 Crore write-offs in FY23
1 year, 5 months ago

Air India: ₹7,000 Crore write-offs in FY23

Live Mint  

Air India incurred significant write-offs amounting to an estimated ₹7,000 crore during the financial year 2022-23. However, despite these challenges, Air India managed to reduce its losses and achieve positive earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs at an operating level, the publication reported. Air India, along with its subsidiary Air India Express, achieved EBITDAR positivity …

Government to make Rs 300 crore equity infusion in Alliance Air, earlier Air India wing
1 year, 8 months ago

Government to make Rs 300 crore equity infusion in Alliance Air, earlier Air India wing

India TV News  

Alliance Air : Amid financial headwinds faced by Alliance Air, the government has stepped forward to make an equity infusion of Rs 300 crore. The regional carrier Alliance Air, the earlier part of Air India, is now owned by AI Assets Holding Ltd, a special-purpose vehicle formed by the central government. The finance ministry has approved an equity infusion of …

Air India's expansion plans fuel tension over airline flying rights
1 year, 9 months ago

Air India's expansion plans fuel tension over airline flying rights

India Today  

Tensions over plans to transform Air India into a global airline with hundreds of new jets rippled across the aviation sector on Tuesday as foreign carriers clamoured for more access to the world's fastest-growing economy. 'BIGGER SHARE' Now, the rebirth of Air India and launch of a new Saudi carrier with dozens of jet orders has shuffled the deck and …

Air India inches closer to seal half of jumbo plane order
1 year, 11 months ago

Air India inches closer to seal half of jumbo plane order

Live Mint  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Air India resets as it finishes one year under the Tata fold
1 year, 11 months ago

Air India resets as it finishes one year under the Tata fold

Live Mint  

New Delhi: Tata Group took over the operations of Air India a year ago—on 27 January 2022—marking the beginning of a new chapter for the carrier. The government’s handover of Air India to Tata Group marked the end of the tedious process involved in the sale of the debt-laden airline. In November, the group also announced that Vistara, a 51:49 …

Air India to introduce premium economy class in long haul flights from December | DETAILS
2 years, 1 month ago

Air India to introduce premium economy class in long haul flights from December | DETAILS

India TV News  

Air India news : Air India will be introducing premium economy class in some of its long haul international flights next month, its chief Campbell Wilson said today as the Tata group-owned airline works on ways to expand its market share as well as the global network. Addressing an event organised by JRD Tata Memorial Trust, Wilson also said opportunities …

US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines
2 years, 2 months ago

US orders Air India to pay $121.5 million as passenger refunds and $1.4 million as fines

India TV News  

The US has ordered Tata-group-owned Air India to pay a whopping USD 121.5 million as refunds and USD 1.4 million as penalties for extreme delays in providing refunds to passengers due to the cancellation or change in flights, mostly during the pandemic, officials said. Air India is among the six airlines that have agreed to cough up a total of …

Government to clear all Air India debt this fiscal
3 years, 1 month ago

Government to clear all Air India debt this fiscal

The Hindu  

Air India will pay back all its debt and dues owed to banks, oil companies, airports and aircraft lessors by the end of this financial year, a senior government official said. On Friday, the government sought Parliament’s approval for infusion of ₹62,057 crore into its company or special purpose vehicle that hosts Air India’s residual debt, liabilities and some assets. …

Air India: Sold for a song
3 years, 2 months ago

Air India: Sold for a song

The Hindu  

Legend has it that when J.R.D. The return comes 68 years after Prime Minister Jawaharlal Nehru nationalised nine airlines through the Air Corporations Act, 1953, including Air India, in which the Tatas held a 25 per cent stake. Of the Rs.18,000 crore, Rs.15,300 crore, or 85 per cent, will go towards servicing Air India’s accumulated debt, which as of August …

Opinion | Air India under Tatas will surely regain its lost glory
3 years, 3 months ago

Opinion | Air India under Tatas will surely regain its lost glory

India TV News  

In a historic acquisition, the Tata group, after a gap of 68 years, was set to regain control of India’s national carrier Air India, after its bid of Rs 18,000 crore was accepted by the Centre. While admittedly it will take considerable effort to rebuild Air India, it will hopefully provide a very strong market opportunity to the Tata group’s …

Air India Sale: Undoing the Grief Nehru Govt Heaped on Private Enterprises and JRD Tata
3 years, 3 months ago

Air India Sale: Undoing the Grief Nehru Govt Heaped on Private Enterprises and JRD Tata

News 18  

‘And now the time has come to say goodbye. Nationalisation Promoted Crony Capitalism and Mediocrity What the Nehru government did in 1953 with the single stroke of the pen was not just limited to the nationalisation of Air India or shaking the foundations of the Indian air transport industry, it ended up weakening the overall cause of private enterprises in …

Air India disinvestment: Tatas likely frontrunners to win bid as govt sets minimum price for airline
3 years, 3 months ago

Air India disinvestment: Tatas likely frontrunners to win bid as govt sets minimum price for airline

India Today  

The government has set the minimum reserve price for national carrier Air India’s disinvestment after final bids were submitted by Tata Sons and SpiceJet promoter Ajay Singh earlier this month. TATAS FRONTRUNNERS TO ACQUIRE AIR INDIA Tata Sons is the likely frontrunner to acquire Air India as it is believed to have submitted a higher bid for the debt-laden airline. …

Union Budget 2021: Air India disinvestment to be completed in 2021-22; aviation ministry allotted Rs 3,224 cr
3 years, 11 months ago

Union Budget 2021: Air India disinvestment to be completed in 2021-22; aviation ministry allotted Rs 3,224 cr

Firstpost  

New Delhi: Disinvestment of Air India and Pawan Hans would be completed in 2021-22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year. Sitharaman’s announcement on Monday about completing Air India’s disinvestment in 2021-22 is significant as the Narendra …

Civil aviation revenues down 85%, 18,000 jobs lost
4 years, 3 months ago

Civil aviation revenues down 85%, 18,000 jobs lost

Deccan Chronicle  

Chennai: Revenues in the civil aviation sector have dropped by 85 per cent since the coronavirus lockdown. As per the data from the Ministry of Civil Aviation, domestic traffic fell close to 80 per cent from 5.85 crore during March-July 2019 to 1.20 crore in March-July 2020. International traffic too reduced 87 per cent from 93.45 lakh to 11.55 lakh …

Air India's Net Loss Stands at Around Rs 2,570 Crore in First Quarter of 2020-21: Puri
4 years, 3 months ago

Air India's Net Loss Stands at Around Rs 2,570 Crore in First Quarter of 2020-21: Puri

News 18  

Air India has incurred a net loss of about Rs 2,570 crore in the first quarter of 2020-21 as compared to a net loss of Rs 785 crore sustained in the corresponding period a year ago, Civil Aviation Minister Hardeep Singh Puri said on Thursday. "The net loss in quarter 1 of FY20-21 is about Rs 2,570 crore as compared …

Revenues of Indian airlines fell by over 85% in April-June period: Hardeep Singh Puri
4 years, 4 months ago

Revenues of Indian airlines fell by over 85% in April-June period: Hardeep Singh Puri

India Today  

The revenue of Indian airlines fell by over 85 per cent to Rs 3,651 crore during the first quarter of FY21 due to the severe disruption caused by the Covid-19 pandemic. Civil Aviation Minister Hardeep Singh Puri on Wednesday stated in a written reply in Rajya Sabha that Indian airlines suffered a 85.7 per cent revenue loss in comparison to …

Govt weighs dropping debt condition in Air India sale: Report
4 years, 4 months ago

Govt weighs dropping debt condition in Air India sale: Report

Live Mint  

India is proposing to drop a condition that the winning bidder for Air India Ltd. will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said, as the government struggles to sell the loss-making carrier kept afloat by taxpayer-funded bailouts. A renewed attempt to sell Air India, which hasn’t made money since 2007, has …

Air India Express to Receive Rs 374 Crore For Loss of Aircraft in Kozhikode Runway Accident
4 years, 4 months ago

Air India Express to Receive Rs 374 Crore For Loss of Aircraft in Kozhikode Runway Accident

News 18  

The Air India Express will get about Rs 374 crore towards the loss of its Dubai-Kozhikode aircraft in the accident in Kozhikode airport last month, a senior insurance industry official said. “The total claim amount to be paid to Air India Express for loss of aircraft/hull will be about $51 million. The claim payment to Air India Express will be …

Air India Deliberately Shielding Senior Officials Amid Cost-Cutting Measures: Pilots' Unions
4 years, 5 months ago

Air India Deliberately Shielding Senior Officials Amid Cost-Cutting Measures: Pilots' Unions

News 18  

It is unprincipled for the senior officials of Air India to exclude their perks and entitlements from the cost-cutting measures that the airline has implemented during the last few days, said the two leading pilot unions of the carrier on Friday. Air India had on Wednesday announced up to 50 per cent reduction in monthly allowances of its employees, who …

Air India Leave Without Pay Scheme: Cost-cutting has to be done, says Hardeep Singh Puri
4 years, 5 months ago

Air India Leave Without Pay Scheme: Cost-cutting has to be done, says Hardeep Singh Puri

India TV News  

Equity infusion of Rs 500-600 crore every year is not sustainable and cost-cutting in Air India is necessary, Civil Aviation Minister Hardeep Singh Puri said on Thursday, justifying the national carrier's decision to send certain employees on leave without pay for up to five years. The minister's remarks came after TMC MP Derek O'Brien slammed Air India, saying its leave-without-pay …

Air India employee unions seek Rs 50,000 cr financial package for flag carrier
4 years, 7 months ago

Air India employee unions seek Rs 50,000 cr financial package for flag carrier

India TV News  

A joint forum of Air India employees and staff unions has sought a Rs 50,000 crore financial succour from the government for the national carrier, stating that the airline is a necessity for the country. In a letter to Prime Minister Narendra Modi, the Joint Forum said that Air India is a "necessity" for the country, especially in times of …

Air India sale: Govt to sell 100% stake in national carrier with 17 March deadline for EoI submissions; all eyes on suitors
4 years, 11 months ago

Air India sale: Govt to sell 100% stake in national carrier with 17 March deadline for EoI submissions; all eyes on suitors

Firstpost  

While many industry veterans are bullish on investor interest for Air India, some of the sector experts said that it may not be easy given the current business environment globally. A document inviting expressions of interest in Air India, released on Monday, said the governent would sell a 100 percent stake in the carrier, which operates both domestic and international …

'Rumours of Air India's shutdown baseless, national carrier will continue to fly, says CMD Ashwani Lohani
5 years ago

'Rumours of Air India's shutdown baseless, national carrier will continue to fly, says CMD Ashwani Lohani

Firstpost  

While Air India’s net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore. New Delhi: Air India chief Ashwani Lohani on Saturday said that “rumours” of the disinvestment-bound airline’s shutdown are “all baseless”, weeks after he told the Civil Aviation Ministry that the carrier’s financial situation was “grossly untenable” for sustaining operations. …

Without buyer, Air India might be forced to shut down in six months: Airline official
5 years ago

Without buyer, Air India might be forced to shut down in six months: Airline official

India TV News  

Struggling Air India might be forced to shut down by June next year unless it finds a buyer as "piecemeal" arrangements cannot be sustained for long, according to a senior airline official. Sounding alarm bells, the official said Air India might well go Jet Airways way if a prospective buyer does not come on board by June next year. The …

Data: How passengers affected Air India's finances
5 years, 1 month ago

Data: How passengers affected Air India's finances

The Hindu  

Air India's market share has dropped significantly over the years. Plummetting numbers In FY01, Air India and Indian Airlines carried half the domestic passengers. Losing its share Not a crowd puller A major factor behind Air India's fall in market share is dissatisfaction of customers who chose less expensive and better service players. Passengers woes image/svg+xml Higher fares While Air …

Govt may exclude bulk of Air India debt to lure buyers
5 years, 1 month ago

Govt may exclude bulk of Air India debt to lure buyers

Live Mint  

India is considering a plan to exclude more than half of Air India Ltd.’s $11 billion of debt in the government’s latest attempt to lure investors to the struggling carrier, people with knowledge of the matter said. Prime Minister Narendra Modi’s administration plans to ask proposed investors to take over ₹30,000 crore of the airline’s debt, which are backed by …

IndiGo reports ₹1,066 crore loss in Sept-quarter as costs surge
5 years, 2 months ago

IndiGo reports ₹1,066 crore loss in Sept-quarter as costs surge

Live Mint  

IndiGo, India's biggest airline, reported a bigger loss in the September quarter, hurt by higher expenses and as the aviation industry grapples with slowing passenger growth in a sluggish economy. The airline's owner InterGlobe Aviation Ltd's net loss in the three months to Sept. 30 widened to ₹1,066 crore from ₹652 crore in the same period last year. The results …

Air India Assets Holding raises another Rs 7,985 crore
5 years, 2 months ago

Air India Assets Holding raises another Rs 7,985 crore

India TV News  

Raising funds for the third time in little over a month, Air India Assets Holding Ltd on Thursday raised Rs 7,985 crore through bond sale, which was oversubscribed. A special purpose vehicle of Air India, AIAHL has mopped up a total of Rs 21,985 crore by way of bond issues since September 16 and the proceeds would be utilised to …

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise
5 years, 3 months ago

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise

Firstpost  

State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered New Delhi: State-owned oil companies on Tuesday accused Air India of not honouring …

Deals Buzz: Government to invite bids for Air India privatization
5 years, 3 months ago

Deals Buzz: Government to invite bids for Air India privatization

Live Mint  

Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country Government to invite bids for Air India privatization The government will soon invite bids to sell its entire stake in Air India, after potential buyers baulked at an initial attempt to divest a partial stake in the national carrier, Mint reported citing a …

Amit Shah-led GoM to take call on Air India reserve price, debt
5 years, 4 months ago

Amit Shah-led GoM to take call on Air India reserve price, debt

India TV News  

Going whole hog to sell Air India this time after the Modi 1.0 government's failed bid, the group of ministers led by Union Home Minister Amit Shah is expected to decide the reserve price of the national carrier and dealing with its large debt. Above all, an impending general election did not make political sense to go for disinvestment of …

Oil companies resume fuel supply to Air India at 6 airports
5 years, 4 months ago

Oil companies resume fuel supply to Air India at 6 airports

India TV News  

PSU oil companies on Saturday resumed jet fuel supplies to cash-strapped Air India following talks mediated by the government, an official spokesperson said. Declining to give details of the agreement reached at talks earlier this week, the spokesperson said Air India has agreed to payment terms for future ATF purchases. Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum …

Air India faces fuel supply cut, flights to get hit this week
5 years, 4 months ago

Air India faces fuel supply cut, flights to get hit this week

India TV News  

Air India might end up cancelling several flights after September 6 as the state-owned fuel retailers have threatened to cut off supplies to the cash-strapped national carrier at Hyderabad and Raipur. Last week, state-owned oil marketing companies, led by IndianOil, had stopped fuel supply to Air India at six -- Ranchi, Mohali, Patna, Vizag, Pune and Cochin -- airports over …

Air India expects to report operating profit again: CMD
5 years, 4 months ago

Air India expects to report operating profit again: CMD

India TV News  

Enhancements in operating efficiency and better aircraft utilisation have aided Air India to reduce its losses during the first quarter of the current fiscal. According to Chairman and Managing Director of Air India, Ashwani Lohani, passenger revenues during the first 4 months of the current fiscal year grew by 20 per cent. Similarly, Lohani pointed out that operating profits rose …

Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil companies
5 years, 4 months ago

Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil companies

India TV News  

Senior officials on Friday said that Air India owes Rs 4,500 crore to three state-owned oil firms in unpaid fuel bills with payments being delayed by almost seven months. But Air India had not been making payments and the credit period was now over 200 days," News Agency PTI quoted a senior official at one of the three state-owned oil …

Fuel supply to Air India stopped at six airports after it fails to pay dues
5 years, 4 months ago

Fuel supply to Air India stopped at six airports after it fails to pay dues

India TV News  

In a major development, fuel supply to national carrier Air India was stopped at 6 airports Thursday. Earlier in July, Air India had reported a 35 per cent slump in net profit at Rs 169 crore in the year ended March 2019, mainly on account of higher costs, even as it remained profitable for the fourth straight year. The low-cost …

Air India Express posts Rs 169 cr profit in 2018-19 on higher utilisation of aircraft, manpower
5 years, 5 months ago

Air India Express posts Rs 169 cr profit in 2018-19 on higher utilisation of aircraft, manpower

Firstpost  

New Delhi: Air India Express on Tuesday reported a net profit of Rs 169 crore in the year ended March 2019 as higher utilisation of aircraft and manpower helped the low-cost carrier. The low-cost arm of national carrier Air India recorded over 16 percent growth in revenues at Rs 4,202 crore in 2018-19. “The impact of this on profitability was …

Government committed to disinvestment of Air India : Hardeep Singh Puri
5 years, 6 months ago

Government committed to disinvestment of Air India : Hardeep Singh Puri

India TV News  

The government is committed to disinvestment of Air India but wants the national carrier to remain in Indian hands, Lok Sabha was informed on Thursday. Responding to a series of supplementary during Question Hour, Civil Aviation Minister Hardeep Singh Puri also said though Air India is doing "extremely well", the debt burden on the carrier is "unsustainable". The minister also …

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far
5 years, 7 months ago

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far

India TV News  

In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. In order to sweeten the deal for Air India this time, the government is likely to offer entire 100 …

Historic Mandate Should Propel Narendra Modi Govt 2.0 to Get Air India Off its Hands
5 years, 7 months ago

Historic Mandate Should Propel Narendra Modi Govt 2.0 to Get Air India Off its Hands

News 18  

The historic mandate with which the Narendra Modi government has returned should now clear the course for some big ticket economic reforms. This official had also said that the second mistake the government made in AI’s case was leaving so much debt on the airline’s books for any incoming investor, since the latter would have most certainly not been able …

Air India earmarks ₹500 crore to get grounded aircraft operational
5 years, 8 months ago

Air India earmarks ₹500 crore to get grounded aircraft operational

Live Mint  

Mumbai: To meet high demand and raise its market, national carrier Air India has earmarked ₹500 crore to get 19 of its grounded passenger jets back into operations. However, an increase in demand due to the peak travel season along with industry's capacity constraint has led the airline to earmark at least ₹500 crore for the grounded fleet. But we …

₹300 crore hole in Air India pocket as Pakistan air space closes
5 years, 8 months ago

₹300 crore hole in Air India pocket as Pakistan air space closes

Live Mint  

New Delhi: Air India has suffered losses of around ₹300 crore since late February as its long haul flights from New Delhi are taking longer to reach destinations in Europe, the Gulf and the US because of the closure of Pakistan's airspace. With its aircraft operating from New Delhi spending longer time in air, Air India is incurring daily loss …

Govt eyes about ₹7,000 crore from Air India sale
6 years ago

Govt eyes about ₹7,000 crore from Air India sale

Live Mint  

New Delhi: The government is eyeing around $1 billion from the sale of national carrier Air India in the next financial year, a government official said. In November last year, a ministerial panel headed by Finance Minister Arun Jaitley had approved transferring ₹ 29,000 crore debt to a special purpose vehicle -- Air India Asset Holding Company. After a botched …

Air India may seek govt fund infusion if bank loan doesn’t come
6 years, 1 month ago

Air India may seek govt fund infusion if bank loan doesn’t come

Live Mint  

Mumbai: State-run Air India Ltd could seek financial assistance from the Centre during the winter session of parliament, if it fails to raise ₹500 crore in short-term debt from banks, a senior official of the national carrier said. Air India, which is reeling under a huge debt of ₹ 55,000 crore, including working capital debt of over ₹ 35,000 crore, …

Plan for Air India to result in ₹2,000 crore financial benefits annually: aviation secretary
6 years, 1 month ago

Plan for Air India to result in ₹2,000 crore financial benefits annually: aviation secretary

Live Mint  

New Delhi: To revive Air India’s fortunes, a plan is being implemented that will result in annual financial benefits worth ₹ 2,000 crore by way of cost cutting and revenue enhancement measures, a senior official said Wednesday. Talking about the plan, Choubey said, “financial benefits” to Air India would be around ₹ 2,000 crore per annum by way of cost …

Govt to sell Air India arm in last ditch effort to save the national carrier
6 years, 1 month ago

Govt to sell Air India arm in last ditch effort to save the national carrier

Live Mint  

In a last-ditch effort to salvage Air India, a government panel on Tuesday decided to sell the national carrier’s ground handling arm and use the proceeds to pare its massive debt burden. Although the money raised through the sale will be used to cut Air India’s debt, it will still help free up government resources that would otherwise have been …

Air India revives plans to raise Rs 500 cr via short-term loans; to mop up Rs 6,100 cr from aircraft sale and lease back
6 years, 1 month ago

Air India revives plans to raise Rs 500 cr via short-term loans; to mop up Rs 6,100 cr from aircraft sale and lease back

Firstpost  

In September, Air India had invited bids for raising Rs 500 crore through STL to meet its working capital requirements with 10 September as the deadline for submission of bids. Mumbai: Debt-ridden Air India has revived its plans to raise Rs 500 crore in short-term loans besides mopping up another Rs 6,100 crore by way of sale and lease back …

Air India eyes ₹800 crore from sale of over 70 properties
6 years, 2 months ago

Air India eyes ₹800 crore from sale of over 70 properties

Live Mint  

Loss-making national carrier Air India plans to mop up ₹ 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said Thursday. As per the plan, Air India had to garner funds to the tune of ₹ 5,000 crore between April 2014 and March 2021, with an annual target of ₹ 500 …

Debt-laden Jet Airways to cut flights on some routes after further losses; to add capacity to more lucrative markets
6 years, 2 months ago

Debt-laden Jet Airways to cut flights on some routes after further losses; to add capacity to more lucrative markets

Firstpost  

Jet, India’s biggest full-service carrier posted its third straight quarterly loss on Monday, hurt by higher fuel expenses and a weaker rupee. Bengaluru/New Delhi: Debt-laden Indian carrier Jet Airways Ltd will cut flights on less profitable routes and add capacity to more lucrative markets, as part of its effort to lower costs and boost revenues as it struggles to stay …

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