Business Standard

Q1, Q2 FY08 to be challenging: Jet CEO

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BS Reporter Mumbai
The management of Jet Airways is expecting the first two quarters of the current fiscal to be challenging.

"Despite a very challenging FY2007, both on international and domestic flights, Jet has remained profitable. With consolidation in the domestic market, we expect the situation to improve over the next few quarters. For FY2008, especially Q1 and Q2, will remain challenging because of a very rapid and huge fleet expansion especially on the international operations. In this year, we plan to start our operations to North America, Canada, Africa and Gulf routes," chief executive Wolfgang Prock-Schauer said today.

Commenting on the Air Sahara integration, Schauer said Jet is currently reviving the airline including cutting down cost of operations and judicious use of airport related infrastructure.

"We are expecting JetLite (Air Sahara) to be profitable by October- November when the actual peak season starts. We have also reduce the headcount of JetLite employees to 2,100 from 4,100," Jet CEO told Business Standard.

Elaborating on the outlook for the sector, he said the recent developments in the domestic aviation industry signal the strong need and the first signs of consolidation, and this will lead to more rational pricing and improved operating performance for domestic carriers in India over the next few quarters.

 

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First Published: Jun 26 2007 | 7:20 PM IST

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