New Delhi: Amid rising concerns over its financial health and pilots' pay issues, India's largest full-service carrier Jet Airways has said that it is hopeful of overcoming the current difficulties. The mismatch between high fuel prices and low fares is the biggest short-term hurdle for the airline, Jet said.
All said and done, Jet needs to urgently work out its cost strategy as it does not have enough funds to continue operations for more than two months -- a fact that Jet Airlines has reportedly admitted to its staff.
Gone in 60 days?
Hit by rising fuel price and a weakening rupee, India's oldest running private airline, Jet Airways, may be running out of options to keep itself afloat due to cash crunch. The company has warned its employees, including pilots, to take a pay cut, among other cost-cutting measures, as it has cash for another 2 months of operations only. If they don't want to be circulating their CVs anytime soon, that is.
04/08/18 Times of India
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All said and done, Jet needs to urgently work out its cost strategy as it does not have enough funds to continue operations for more than two months -- a fact that Jet Airlines has reportedly admitted to its staff.
Gone in 60 days?
Hit by rising fuel price and a weakening rupee, India's oldest running private airline, Jet Airways, may be running out of options to keep itself afloat due to cash crunch. The company has warned its employees, including pilots, to take a pay cut, among other cost-cutting measures, as it has cash for another 2 months of operations only. If they don't want to be circulating their CVs anytime soon, that is.
04/08/18 Times of India
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