The debt facing Jet Airways Limited will cut the flights on the less profitable routes.
Indian airline Jet Airways is thinking to reduce the flights on some routes and will move towards more lucrative markets. However, they are taking steps to increase the revenues and to lower the costs as they are struggling to stay in the industry.
Jet Airways is the largest full service airline in India. However, they made the 3rd straight quarterly loss. In addition, the organization was also hurt by the weaker rupee and higher fuel expenses.
Jet Airways embarked on the comprehensive review that the measures will include the uneconomic routes and the rationalization of operations on select. The airline will also redeploy its carriers for highly productive international and domestic sectors.
The combination of low fares, a weak rupee, high fuel taxes, rising oil prices, and the intense competition have decreased profits. The aviation market is growing 20% annual passenger growth.
During the quarter, it expanded the code share agreement with Bangkok Airways, Malaysian Airlines, Korean Air, Etihad Airways, and Delta Airlines.