Jet Airways fails to leverage opportunity created by Kingfisher & Air India: CAPA

New Delhi: Unimpressed by Jet Airways' small growth in gross revenues per passenger in the first quarter of this fiscal, global airline consultancy firm CAPA has said the Naresh Goyal-owned carrier has been unable to leverage the opportunity created by the slow implosion of Kingfisher Airlines and Air India pilots' strike, which indicates a serious structural weakness.
Calling Jet Airways' 8.9% year-on-year increase in gross revenue per passenger in Q1FY2013, "modest", Centre for Asia Pacific Aviation (CAPA) in its latest report says , "insufficient attention is being given to managing costs. In the hostile environment that prevails sustained profitability will be difficult without a major restructuring of controllable non-fuel costs."
Jet's revenue growth was surprisingly modest given that the airline was presented with a potentially invaluable opportunity to exploit the difficulties faced by both of its full service competitors, the report adds.
24/08/12 Anindya Upadhyay/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Air India Aug 2012, Jet Airways Aug 2012, Kingfisher Aug 2012