Sunday, December 02, 2018

Jet Airways trims unviable international operations to cut losses

Jet Airways is reworking its international network, trimming unviable flights and adding new ones where it hopes to make money, as the cash-strapped carrier makes efforts to turn itself around while simultaneously seeking a cash infusion to keep itself afloat.
Jet claimed the scale of its operations would remain unchanged.
A person in the know said India’s second biggest airline by market share has deducted more than 30 flights in nine Gulf routes. It has also added at least 20 flights on as many global routes, especially in South East Asia.
Jet operates more than 600 daily flights within India and overseas.
The airline has cut flights to Muscat, Doha, Abu Dhabi and Dubai, said the person cited above on the condition of anonymity. It has added frequencies to Singapore, Kathmandu, Bankok apart from Dubai and Doha.
“Given the challenging aviation industry conditions against the backdrop of a sharp rise in the Brent fuel price, a depreciating rupee and a difficult pricing environment, Jet Airways has undertaken a series of initiatives to enhance economic performance, efficiency and productivity that will ensure the long-term health of its business,” the airline said in response to an emailed questionnaire.
02/12/18 PTI/Economic Times