#cost-cutting
Air NZ shareholders get no sausage rolls, no earnings guidance, no London flights any time soon
The airline held an online-only annual meeting to save money.
FirstCry reports 12% growth in revenues, cuts losses by 57% in Q4
The company also cut its losses significantly in this quarter by tightening costs. Its net loss dropped 57% YoY to Rs 48 crore from Rs 112 crore a year ago. FirstCry’s expenses in the March quarter rose to Rs 2,092 crore from Rs 1,914 crore a year ago; stock …
Regional airlines tighten non-fuel expenses, reduce flights
Regional airlines are cutting flights and optimizing costs amid rising fuel prices and a weak rupee, impacting operations.
Europe learnings to put Tata Steel ahead in India
Tata Steel anticipates its UK operations will achieve break-even this fiscal year. This positive outlook stems from recovering steel prices and implemented cost-saving measures. In India, the company plans significant production capacity expansion solely thro…
Air India to cut costs, reduce flights as war worsens financial struggles
The board discussed furloughing nontechnical employees and cutting flight capacity by over 20% for the next three months unless conditions improve
Air India board meeting on May 7; cost-saving steps, CEO selection likely on agenda
Air India's board meets May 7 to discuss cost cuts and a new CEO. The airline faces significant losses and challenges from rising jet fuel prices and West Asia conflict. Plans include unbundling meals and lounge access. The search for a new CEO is underway. T…