Jet Airways to suspend Delhi-Milan flights from next month

16 Jan 2013

In view of the ongoing global economic slowdown and in particular the current economic crisis in the Euro-zone countries, Jet Airways is suspending Delhi-Milan flights from February 1, in a route rationalization exercise. Over the last few months the carrier has pulled out of Johannesburg and New York (JFK) routes. While competition from South African Airways was responsible for loss on Johannesburg route the Milan flight was impacted because of inconvenient timing.

As part of the on-going network rationalization program of the airline, one of the fiscal controlling measures adopted by the company has been, the withdrawal of loss making routes and re-deployment of those assets and capacities on other routes and destinations, where profitability will be better.

Further, Jet did not disclose how it will redeploy the airbus A330 which currently flies to Milan. Meanwhile, both Johannesburg and New York too were served by the same aircraft type.

Related Jet Airways (India) Ltd. Links:

Jet Airways (I) Share Price

126.60 6.00 (4.98%) Feb 24, 18:55
1 Year Price Chart
Peers
Company Name CMP
Interglobe Aviation 1612.45
Jet Airways (I) 126.60
Hindustan Aeron 1059.55
Spice Jet 83.80
Global Vectra Helico 47.95
View more..
Sensex vs Jet Airways (I)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback