Thursday, May 04, 2017

Jet Airways to add 1,200 seats per day with launch of two new services

Jet Airways will be adding around 1,200 seats per day to its offerings by launching two more direct services, connecting Chennai with Paris and Bengaluru with Amsterdam, from October onwards. The company would be focusing on profitable growth rather than pursuing market share, said a senior official from the company.

As on May 1, the company has an offering of over 1 lakh seats per day from India and this would go up by another 1,200 seats per day with the addition of the new direct services, said Praveen Iyer, vice president, Commercial-India Sales, Jet Airways. Of the total capacity, 70,000 seats per day are in the domestic market, while the rest is in the international offerings.

"We have around 18 per cent market share in the domestic segment and around 15-16 per cent in the international one. The market share is directly linked to capacity share, and with some of the other players in the field expanding their capacity, our marketshare has come down from 23 per cent," said Iyer. He added that the company is not just focusing on capacity expansion for the sake of market share, but would look at growth with profitability. It has over 80 per cent occupancy in both domestic and international routes, he added.
03/05/17 Gireesh Babu/Business Standard