2 hrs ago
Air India’s Incoming CEO Targets Staff-Led Savings for Sustainable Profits
Air India has chosen Tewolde Gebremariam as its next chief executive.
He says the airline needs to improve its finances.
He wants every employee to help find ways to save money.
Workers may receive rewards for ideas that create measurable savings.
The airline is also looking for ways to earn more money.
These ideas include improving international routes, commercial activities and cargo operations.
Gebremariam says growth is important, but it must be profitable and sustainable.
Air India is also studying how to use its planes, routes and operations more efficiently.
Tewolde Gebremariam said improving financial performance and achieving sustainable profitability are key objectives for Air India.
The airline plans to reward employees whose ideas produce measurable cost savings and operational efficiencies.
Gebremariam said cost management should become part of Air India’s culture rather than remain a leadership or finance responsibility.
Revenue initiatives are being considered across the international network, commercial activities and cargo business.
Air India will pursue expansion while reviewing network efficiency, fleet deployment and operations amid external challenges.
- Who
- Tewolde Gebremariam, Air India employees and the Tata Group-owned airline.
- What
- Air India plans a staff-led cost-saving programme while pursuing higher revenue and sustainable profitability.
- Where
- At an Air India townhall; the article does not specify the location.
- When
- The announcement was made on Monday; Gebremariam will take charge after receiving security approvals.
- Why
- The airline is loss-making and faces external challenges while pursuing expansion and seeking to improve its financial performance.
Key facts
- Incoming CEO
- Tewolde Gebremariam
- Company
- Air India
- Ownership
- Tata Group-owned
- Primary financial goal
- Sustainable profitability
- Employee initiative
- Rewards for ideas generating measurable cost savings and operational efficiencies
- Revenue areas under discussion
- International network, commercial activities and cargo business
- Other efficiency efforts
- Network efficiency, fleet deployment and operational rebalancing
Quotes
Tewolde Gebremariam
Incoming CEO and managing director of Air India
“We must improve both revenue and cost performance. Revenue enhancement initiatives are already under discussion, including opportunities across our international network, commercial activities and cargo business.”
telegraphindia.com
“Growth is the oxygen of business. But growth must also be profitable and sustainable. We will pursue expansion in a disciplined manner and ensure our people, fleet and network are ready to support it.”
telegraphindia.com
Sources
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