India’s Jet Airways is pursuing a cost-cutting program following the announcement of a major net loss for the quarter ending June 30. The Mumbai-based carrier approved “additional measures to reduce costs and achieve greater efficiencies of operations.” This program will slash more than INR 2,000 crore ($285.8 million) in cost over the next two years. It will cover areas such as maintenance, sales and distribution, debt and interest, and workforce productivity. Among ...

Subscribe to Access this Entire Article

"Jet Airways approves cost-cutting strategy after major 2Q net loss" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.