FI­NAN­CIAL CHAL­LENGES FOR JET AIRWAYS

SP's Airbuz - - News Briefs -

Re­sults for the first quar­ter of the fis­cal year 2017-18 re­leased by Jet Airways ap­pears to be a mixed bag as it high­lights ar­eas where

there has been im­prove­ment as also ar­eas of con­cern. Al­ready a strong net­work car­rier, Jet Airways an­nounced the ad­di­tion of 96 flights dur­ing the first quar­ter. This was both a re­sponse to the strong do­mes­tic de­mand and a counter to the grow­ing power of com­peti­tors. Flight ad­di­tions in­cluded new routes from Pune and Jaipur and ad­di­tional fre­quency on ex­ist­ing routes from sev­eral cities. On the in­ter­na­tional front, Jet an­nounced ad­di­tional flights to Riyadh. An­other area high­lighted was the in­creased fo­cus on code-shares es­pe­cially align­ment with Air­france-KLM and Delta Air Lines. This has re­sulted in a 19 per cent growth in traf­fic and the in­ter­na­tional fo­cussed strat­egy is clearly in­di­cated by the man­age­ment changes at the air­line. Jet de­ploys 55 per cent of its ca­pac­ity in the in­ter­na­tional mar­ket and within that de­ploys sig­nif­i­cant part of its ca­pac­ity to the Gulf.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.