Abhishek Law

New Delhi: Less than a month after taking over as chief executive of Air India, Tewolde Gebremariam has initiated belt-tightening measures to counter mounting losses and rising operating costs.

New Delhi: Flying out of Mangaluru airport could become substantially more expensive over the next five years, with operator Adani Airport proposing

Akasa Air's revenue grew 35% in FY26 as its fleet and network expanded, but its net loss widened 37%. Foreign-exchange losses, aircraft costs and financing expenses weighed on profitability.

Airlines maintain they have not agreed to shift international operations to Navi Mumbai or surrender their slots at the Mumbai airport.

Airlines have asked Adani-run Mumbai airport to prove it must cut about 5 million passengers a year of capacity before moving some international flights to Navi Mumbai.

Together, the country's two largest airlines are expected to handle nearly 3 million passengers from the Navi Mumbai airport, accounting for about 60% of the traffic affected by the proposed transition, the person said.

Read this exciting story from Hindustan Times Delhi October 26, 2026 issue. After weeks of holding out against shifting flights from Mumbai to Navi Mumbai, IndiGo and the Air India Group have become the first carriers to announce plans to move some operations to the new airport, paving way for the redevelopment of Terminal 1 (T1) at the city’s existing airport.

Domestic airlines carried 11.82 million passengers in September, the steepest year-on-year decline since the pandemic, as seasonal weakness and rising fuel costs added to pressure from higher fares.

IndiGo's September-quarter earnings will test whether higher fares and fuel surcharges can offset rising jet-fuel prices, a weaker rupee and slowing passenger demand.

NEW DELHI: Foreign airlines and Adani Airport Holdings Ltd remain at an impasse over shifting international operations from Mumbai's existing airport