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When strength becomes weakness

December 06, 2025

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Financial Express Lucknow

YET WHILE THE rules apply universally, full-service carriers like Air India have weathered the change with far less disruption, their on-time performance holding steadier amid the same fog and congestion, thanks to conservative rostering and buffers built during the grace period.

Pilot bodies like the Federation of Indian Pilots (FIP) and Airline Pilots' Association of India (ALPA) call it a "prolonged, unorthodox lean manpower strategy" that IndiGo pursued despite ample warning. November alone saw 1,232 cancellations, 755 pinned directly to crew and FDTL shortages, pushing monthly on-time performance down to 67.7% from October’s 84.1% -- a slide that predated this week's meltdown. FIP accuses the carrier of a hiring freeze, non-poaching pacts with rivals, and pilot pay stagnation amid "cartel-like behaviour,' even as executives pocketed 100%. Post-July's first phase, IndiGo slashed leave quotas; after November, it allegedly tried buying back pilot leave to

المزيد من القصص من Financial Express Lucknow

Financial Express Lucknow

Swiggy defends rejected board changes

SWIGGY ON WEDNESDAY defended its proposed amendments to its Articles of Association (AoA), saying the changes were intended to support its long-term goal of becoming an Indian Owned and Controlled Company (IOCC) and would not have resulted in concentration of founder control, after shareholders voted down the proposal last week.

time to read

1 min

May 28, 2026

Financial Express Lucknow

A new lexicon of Indo-US ties

The significance of Rubio’s visit lies in what it reveals about changing global politics: India-US partnership today is driven not by sentimentality but by converging structural interests

time to read

3 mins

May 28, 2026

Financial Express Lucknow

L&T arm inks pact with Israel-based EVR Motors

LARSEN & TOUBRO (L&T) on Wednesday said its business unit L&T Electronic Products & Systems (LTEPS), has entered into a strategic partnership with Israeli electric propulsion technology company EVR Motors, to jointly develop, manufacture and deploy next-generation EV traction motors for the Indian market.

time to read

1 min

May 28, 2026

Financial Express Lucknow

Air India cuts over 20% domestic flights till Aug

AIR INDIA HAS temporarily reduced domestic flight operations by over 20% and international services by more than 25% between June and August, citing sustained pressure from high aviation turbine fuel (ATF) prices and rising operating costs.

time to read

1 min

May 28, 2026

Financial Express Lucknow

Coal India OFS gets 8x bids

INSTITUTIONAL INVESTORS ON Wednesday lapped up Coal India shares, putting in bids worth about ₹19,000 crore, with the issue getting over-subscribed 8.14 times on the first day.

time to read

1 min

May 28, 2026

Financial Express Lucknow

Centre meets FY26 fiscal deficit target

THE CENTRE HAS met the fiscal deficit target of 4.4% of GDP for FY26 based on the new GDP series, with almost 99% achievement of expenditure target set for the year, sources told FE.

time to read

1 min

May 28, 2026

Financial Express Lucknow

SBI bets on omnichannel banking with AI-led shift

STATE BANK OF India Chairman CS Setty has outlined a technology-led growth strategy for the country’s largest lender with a sharper focus on artificial intelligence (AI), digital infrastructure, customer experience and deposit mobilisation while retaining the bank’s branch-led relationship model.

time to read

1 mins

May 28, 2026

Financial Express Lucknow

China stalls nod to Airbus to back homegrown jets

CHINA HAS BEEN stalling the approval of Airbus deliveries to signal impatience with European regulators’ delay in certifying Chinese-made COMAC aircraft, Bloomberg News reported on Tuesday.

time to read

1 mins

May 28, 2026

Financial Express Lucknow

LIC stake sale worth ₹10K cr likely soon

THE GOVERNMENT IS likely to begin formal marketing next month for a planned share sale in Life Insurance Corporation of India (LIC) that could raise as much as ₹10,000 crore ($1 billion), according to people familiar with the matter.

time to read

1 min

May 28, 2026

Financial Express Lucknow

PhysicsWallah eyes net profit in FY27

EDUCATION TECHNOLOGY PLATFORM PhysicsWallah expects to achieve profit after tax (PAT) profitability in FY27 as higher enrollments, improving operating leverage and growing use of artificial intelligence (AI) tools support margin expansion, co-founder Prateek Maheshwari said.

time to read

1 mins

May 28, 2026

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