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.
Company Name | CMP |
---|---|
Interglobe Aviation | 3952.20 |
SpiceJet | 62.24 |
Global Vectra Helico | 231.00 |
Jet Airways (I) | 49.00 |
Taneja Aerospace | 476.75 |
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