Air India and IndiGo are set to cut domestic operations starting June 1 for a period of 90 days as airlines grapple with sharp rise in Aviation Turbine Fuel (ATF) prices and low summer demand, The New Indian Express reported on Wednesday, citing multiple sources.
The two carriers, which control more than 90 per cent of the Indian aviation market have decided to scale down operations since the industry is facing a number of issues following the outbreak of the US-Iran war, along with the seasonal slump after the school holiday period.
