Jet Airways to spread wings

Mumbai: After keeping on hold route expansion plans for over a year, Jet Airways is currently evaluating new routes in certain resilient economies buoyed by sustained recovery in business and economy air travel.
Jet chief commercial officer Sudheer Raghavan told FE, “We are evaluating newer routes. However, it is too early to say which routes we are likely to add to our existing network.” In 2008-09, Jet Airways had to drop the Mumbai-Shanghai-San Francisco route and later the Amritsar-London route after load factors dropped significantly on these routes. These routes contributed to nearly half of Jet's international losses in September 2009 quarter. The airline suffered a pre-tax loss of Rs 289 crore on international operations during the period.
The carrier, of late, has seen its load factors on the UK route touch 90%. Also, seat factors on routes in the Gulf, Asean, Saarc, the US and European sectors, where Jet operates, have averaged at around 80%.
22/06/10 Shaheen Mansuri/Financial Express

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Categories: Jet Airways Jun 2010