Jet Airways cuts local flight fares

Posted by Samron Jude on May 28th, 2010 in India | Comments Off

Jet Airways (India) Ltd., is looking  to get back customer confidence following a five-day strike by its pilots, and said it would slash  local fares by 50 percent for three days beginning today.
The airline cancelled more than 1,000 flights since Sept. 8 after some 400 pilots walked off their jobs, objecting the dismissals of four colleagues.
Now the airline must guarantee such labor problems don’t hamper its operations as it seeks to win back customers.
Shares of Jet Airways rose as much as 4.6 percent, the most in two weeks, to 270.4 rupees, and changed hands at 264.8 rupees at 10:11 a.m. in Mumbai. The stock has gained 30 percent this year compared with a 67 percent advance for the Sensex index.
The strike led to daily revenue losses of about $2.2 million and cancellations of about 230 flights a day, causing inconvenience to as many as 100,000 passengers,

Jet Airways (India) Ltd., is looking  to get back customer confidence after a five-day strike by its pilots, and said it would slash  local fares by 50 percent for three days beginning today.

The airline cancelled more than 1,000 flights since Sept. 8 after approxiamtely 400 pilots walked off their jobs, objecting the dismissals of four colleagues.

JET

Now the airline must guarantee such labor problems don’t hamper its operations as it seeks to win back customers.

Shares of Jet Airways rose as much as 4.6 percent, the most in two weeks, to 270.4 rupees, and changed hands at 264.8 rupees at 10:11 a.m. in Mumbai. The stock has gained 30 percent this year compared with a 67 percent advance for the Sensex index.

The strike led to daily revenue losses of about $2.2 million and cancellations of about 230 flights a day, causing inconvenience to as many as 100,000 passengers,


 

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