Jet targets break even in next one year

The country's largest private carrier, Jet Airways, is targeting to break even in the next one year and could also achieve a "small profit" in spite of the current turbulence in the aviation sector.
"Our overall goal for next year is to achieve break even and if I say break even this could also mean small profit," Jet Airways CEO Wolfgang Prock- Schauer told investors.
He said the airline does not expect crude oil prices to go up significantly in the given current environment and this will result in lower break even levels.
Jet reported a loss of Rs 455.3 crore for the first nine months of the ongoing fiscal, while its subsidiary JetLite's loss for the same period stood at Rs 498.9 crore.
The Naresh Goyal-promoted company hopes to achieve a turnaround on both international as well as domestic operations of Jet and also that of JetLite.
15/02/09 Press Trust of India

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Categories: Jet Airways Feb 2009