Jet Airways plans to cut non-fuel costs by 12-15% in 2 years2 min read 29 Aug 2018, 08:19 AM IST
Jet Airways, controlled by Naresh Goyal, had a few quarters earlier started the process to reduce its non-fuel costs to improve its finances
Mumbai: Jet Airways (India) Ltd on Tuesday said it is on track to cut non-fuel costs by 12-15% over the next 18-24 months, a day after the airline’s board outlined a turnaround plan following a second straight quarterly loss. Higher fuel costs, subdued yields and an unrealized foreign currency loss hurt Jet Airways in Q1, chief financial officer Amit Agarwal said in conference call with analysts.
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