Jet Airways eyeing 8-9% revenue from cargo business over next 2 yrs

Jet Airways eyeing 8-9% revenue from cargo business over next 2 yrs

Mumbai: With some of its leased-out aircraft to return over the next two-years, Jet Airways is targeting an average 8-9% revenue from its cargo business by using these additional aircraft, a senior Jet Airways official said.

“Currently, we have a 12% revenue from our international carriage and 4% from domestic. We expect this to go up to 14-15% and 5-6%, respectively, over the next 24-months," Jet Airways’ vice-president, Jay Shelat, told reporters on Tuesday.

On an average, the company was looking at an 8-9% revenue contribution from cargo carriage.

Cargo business growth would come on the back of an increased demand, both domestically and internationally, Shelat said.

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