Jet moves to cut costs

Faced with a loss of Rs 45 crore during the first quarter ended June 30, Jet Airways has announced a number of initiatives to reduce costs.
Addressing a press conference, the Chief Executive Officer, Mr Wolfgang Prock-Schauer, said the airline would look at cutting back on the number of reduced rate tickets available during the peak season and enhancing sale of tickets on the Web apart from renegotiating rates with aviation turbine fuel suppliers. Jet Airways cited pre-tax losses on its start-up international operations and increase in fuel and input costs for the losses.
The CEO replied in the negative when asked whether the proposed daily non-stop flight between Delhi and Singapore and the recently launched non-stop flight between Amritsar and London would further affect the airline's financial health.
The airline on Thursday announced that it would start a daily service between Delhi and Singapore from September 6.
11/08/06 Business Line/Moneycontrol.com

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