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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 News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.