Mumbai: Jet Airways management is not too perturbed over the decline in market share as it continues to register good revenue growth. On Wednesday, the Directorate General of Civil Aviation released monthly traffic data for November. IndiGo continues to lead the pack with a market share of 27.3%. Jet Airways along with Jet Konnect hold on to number two rank (25.1%), but on a standalone basis Jet Airways has slipped behind Air India and SpiceJet.
"It [fall in market share] does not worry me at all. What matters is not the passenger numbers but the revenue. Consumer goods companies worldwide are not counting how many soaps or bottles of water they are selling. They are looking at the revenue. We continue to be the leaders in India and grow our revenue by offering the best network and service," said Jet Airways Chief Executive Officer Nikos Kardassis.
The airline posted Rs 166 crore loss in September quarter but revenue increased 25% and margins improved. Kardassis indicated the revenue was growing in third quarter too but did not share details.
20/12/12 Aneesh Phadnis/Business Standard
