The airline anticipates a full-year pre-tax loss ranging between $340 and $390 million, largely attributed to the escalating cost of jet fuel.
Ravishankar illustrated the consolidation with an example where two half-full planes would be merged into a single flight. The flights impacted will primarily be those scheduled during midday or other “non-peak” times.
While international routes will see reductions, the company is still finalizing these changes and plans to inform customers by June.
One such change includes the cancellation of a previously planned route to London, which will not commence next year.
Ravishankar explained that predicting demand in the current climate is challenging, given the high fuel prices.
Most of the cost-cutting efforts will not target jobs, though some roles may be eliminated.
The cuts will primarily affect support staff rather than frontline employees.
Ravishankar also stated that the airline is not seeking financial support from the government.
