npl977 >
NE
Economy / Trade
Enewspolar The Rising Nepal | Nepal's First English Broadsheet Daily. Nepal News
3 sources · 3 articles
Started 12 hours ago · Updated 1 hour ago

Air India Reduces Domestic Flights Amidst Rising Fuel Prices Linked to Middle East Conflict

Photo · english.nepalnews.com

Air India announced on Wednesday it will temporarily reduce or cut several domestic routes, following similar international adjustments due to soaring aviation fuel prices. These adjustments are attributed to the sustained impact of high fuel prices on overall operations, with the airline stating passengers affected will be rebooked or offered refunds. Air India will continue to monitor demand and operating conditions to restore frequencies as conditions stabilize.

  • The decision to reduce domestic flights comes after Iran's effective closure of the Strait of Hormuz following US-Israeli strikes on Tehran on February 28, which sent aviation fuel prices soaring.
  • Air India did not specify which routes or how many flights would be affected, though the Press Trust of India suggested over a fifth of domestic flights could be impacted.
  • The airline's parent company, Tata, has been undertaking an overhaul since taking over in 2022, including ordering new aircraft and upgrading its fleet.
  • Passengers affected by the flight changes will be rebooked on alternative flights or offered full refunds.
  • Air India previously announced suspensions and frequency cuts on several international routes between June and August 2026.

Timeline (3)

Share ↗
Related
Strait of Hormuz Air India Iran US Tehran Tata

More in Economy

See all ›
Nepal's Public Enterprises: 27 Profitable, 16 Incurring Losses, Ministry of Finance Report Nepal's Public Enterprises: 27 Profitable, 16 Incurring Losses, Ministry of Finance Report

A recent report from Nepal's Ministry of Finance reveals that out of 45 public enterprises (PEs), 27 were profitable in the fiscal year 2024/25, while 16 incurred losses and two have been shut down. Despite an overall increase in net profits by 12.03%, deep-seated structural and managerial weaknesses continue to impact these state-owned entities.

7 articles · 1 hour ago
Government Investment in Public Enterprises Nears Rs. 800 Billion Amidst Declining Dividends Government Investment in Public Enterprises Nears Rs. 800 Billion Amidst Declining Dividends

Government investment in public enterprises (PEs) has reached nearly Rs. 800 billion for the fiscal year 2024/25, marking a 13.44% increase from the previous year. Despite this growth, dividends have continued to decline, although the net profit of PEs saw a 12.03% increase to Rs. 45.08 billion in the same period. Finance Minister Dr. Swarnim Wagle presented the annual report on Public Enterprises in the House of Representatives.

3 articles · 3 hours ago
Nepal Rastra Bank Sets Daily Foreign Exchange Rates Nepal Rastra Bank Sets Daily Foreign Exchange Rates

Nepal Rastra Bank has determined and published the foreign exchange rates for various currencies including the US dollar, Euro, and British Pound Sterling for the current day. The central bank has stated that these rates are subject to revision at any time and may differ from those set by commercial banks.

9 articles · 4 hours ago
Nepal's Economy Projected to Grow 3.85% Amidst Global Uncertainty, Finance Minister Reports Nepal's Economy Projected to Grow 3.85% Amidst Global Uncertainty, Finance Minister Reports

Nepal's economy is projected to grow by 3.85 percent in the current fiscal year, according to the Economic Survey presented by Finance Minister Dr. Swarnim Wagle. Despite global economic uncertainty and regional conflicts, the nation's macroeconomic indicators have shown improvement, with the total economy estimated to reach Rs. 6.6 trillion and per capita national income projected at USD 1,535.

25 articles · 13 hours ago