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Jet Airways chief executive officer Nikos Kardassis reported that the airline is not too perturbed about the decline in its market share, as the carrier continues to register good revenue growth.
Reports said that the airline has cut capacity in the domestic sector and redeployed some of its Boeing 737s on international sectors.
According to Directorate General of Civil Aviation ( DGCA) yesterday, IndiGo continues to lead market share of 27.3%, while Jet Airways, along with its no-frills economy class carrier Jet Konnect, holds on to the number two rank (25.1%).
The airline posted a Rs 166 crore loss in the September quarter.
According to its winter schedule approved by DGCA, Jet Airways has 400 less departures compared to 2011, report says.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices