FINANCIAL CHALLENGES FOR JET AIRWAYS
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.