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Jet Airways Cuts Flights to Increase Profits

Jet Airways changed their tactics in the last quarter of last year, putting profitability ahead of volumes, and it paid off.  Their net profit was Rs.85 crore, which has come in ahead of a potential equity deal with Eithad Airways of the United Arab Emirates.  In the same quarter of the previous year, the airline experienced a loss of Rs.101.22 crore and in the September quarter of 2012 they also experienced a loss of Rs. 99.7 crore.

 

To accomplish this gain in profits in such a tight market, the airline cut flights.  The reduced the number of flights in the December quarter of 2012 to 40,676, which was 11.7% fewer flights than the 46, 069 flights of the December 2011 quarter.  This meant they had 10.7% fewer passengers, but they also cut costs and manpower, which ended up giving them a revenue per kilometer increase of 21.6%.  Essentially, they cuts costs and network capacity, to increase profits and it worked.

The above article is a summary.  Please see the source article at Google News.

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