Wednesday, August 22, 2018

Jet Airways Board To Consider Cost Cuts On Aug. 27

The board of Jet Airways (India) Ltd. will consider cost-reduction initiatives and a turnaround plan along with June quarter results at its meeting on Aug. 27.

The full-service carrier, grappling with financial woes, has been looking at ways to reduce costs amid high oil prices and intense competition. On Aug. 9, the airline's board deferred announcement of unaudited financial results for the June quarter and that would be taken up on Aug. 27.

While considering the results, the board would also “take up the matters in relation to the cost reduction initiatives and turnaround plan, for which the management had earlier sought time”, Jet Airways said its exchange filing on Wednesday.
22/08/18 Bloomberg Quint

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