Air India sees Pakistan airspace ban costing it $600 mn over 12 months, seeks aid

Air India expects to face around $600 million in additional costs if a ban from Pakistan’s airspace lasts for a year, and has asked the central government to compensate it for the hit, a company letter seen by Reuters shows. Indian airlines are bracing for higher fuel costs and longer journey times after Pakistan shut its airspace to the country’s carriers after India suspended the Indus Waters Treaty in response to an attack on tourists in Kashmir’s Pahalgam last week.

Air India on April 27…