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Air India slashes US and Europe flights as Lufthansa and Cathay surge for market share
Business
Published on 14 May 2026
Record $2.12B loss as competitors grab 58.4% of demand
Air India is facing a potential record $2.12 billion loss as the Iran war and Pakistan’s airspace ban force thousands of flight cuts. In the scramble for seats, Lufthansa Group and Cathay Pacific are expanding capacity, aiming to capitalize on strong Indian travel demand. Their moves could lift foreign carriers’ share to 58.4%, intensifying pressure on Air India’s international network.
- Air India’s US and Europe services plunge amid conflict and airspace restrictions
- Iran war and Pakistan airspace ban trigger thousands of route cuts
- Lufthansa and Cathay add flights to capture rising Indian demand
- Foreign carriers’ share could climb to 58.4% in the surge
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This summarization was done by Beige for a story published on 
Republic