Survival mode: Will Jet do away with first class?

New Delhi: This may sound like a bitter pill for Jet Airways but the airline is now being advised to completely do away with first class seats on international routes to maintain a healthy balance sheet.
It has already begun reconfiguring economy class seating on its long haul flights to 10 seats a row against 9 abreast earlier and now needs to chop off the heavy and loss making front rows of the plane to improve yields further.
Jet reported a modest Rs 24 crore profit in the June quarter this year despite the troubles at Kingfisher Airlines, its key competitor in the corporate market. Its gross revenue per passenger increased by a modest 8.9 percent year-on-year during the quarter but the increase in international gross fares was slightly better at 11.8 percent.
31/09/12 Sindhu Bhattacharya/First Post

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Categories: Jet Airways Sep 2012