Jet Airways, the largest private aviation carrier, which has had bad results with all the turbulence in the sector, says 2009-10 promises to be worse.
“The yield (net revenue per seat) has plummeted to around 25 per cent and the numbers (of passengers) in the 2010 fiscal will be worse,” chief commercial officer Sudheer Raghavan said.
“Our occupancy level at present stands at 69 per cent and it is not viable at the current yields until the occupancy level reaches 90 per cent,” he said, after launching a new daily flight between Hyderabad and Dubai here today.
Jet has a 26 per cent share of the market. It shed about 20 per cent of its domestic capacity last year, besides discontinuing its flights to Shanghai, San Francisco and some other destinations abroad. It is now planning to scale up the fleet of its no-frills economy service, Jet Airways Konnect.
“Of our total 270 operations currently, which includes Jet Airways, Konnect and Jetlite, about 50 per cent are from Konnect. We plan to increase Konnect’s share to 65 per cent of the total capacity,” Raghavan said, adding that the company had kept open the option of adding international services in Konnect.
Stating that the airline is contemplating partnering the Andhra Pradesh tourism department, in line with the tie-ups that it earlier had with the Kerala and Tamil Nadu tourism boards to offer special travel packages, he said these collaborations will help Jet build an inflow of tourists from India and neighbouring countries and also in developing international tourism.
