New Delhi: With increased stress in the airline sector, many airlines are mulling alternative sources of income apart from commericial aviation, reported ET.While cash-strapped Jet Airways has initiated a “turnover plan” to offset operational costs, no-frill carriers IndiGo and SpiceJet are looking at transporting cargo as an alternative to boost their income.
Worth mentioning that the Indian aviation industry may witness a loss of $1.9 billion in FY19 due to a concoction of negative factors such as the impact of the weakening rupee, rising prices of ATF or aviation turbine fuel and the low-cost model, which has immense popularity among passengers.
As per the report, SpiceJet is planning to add a freight aircraft to boost its income while IndiGo, which is India’s largest carrier, plans to ferry perishable cargo in the storage space. However, IndiGo flights will also accommodate passengers normally. An IndiGo executive who spoke to the publication said the company is targeting perishable cargo such as crabs from Chennai, fish from Kerala, betel nuts from Kolkata—all the products will be transported to different parts of the country.
07/09/18 ET Now News
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Worth mentioning that the Indian aviation industry may witness a loss of $1.9 billion in FY19 due to a concoction of negative factors such as the impact of the weakening rupee, rising prices of ATF or aviation turbine fuel and the low-cost model, which has immense popularity among passengers.
As per the report, SpiceJet is planning to add a freight aircraft to boost its income while IndiGo, which is India’s largest carrier, plans to ferry perishable cargo in the storage space. However, IndiGo flights will also accommodate passengers normally. An IndiGo executive who spoke to the publication said the company is targeting perishable cargo such as crabs from Chennai, fish from Kerala, betel nuts from Kolkata—all the products will be transported to different parts of the country.
07/09/18 ET Now News
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