The Business Times
SUBSCRIBERS

India's Jet eyes profit by '17 with boost from Etihad

Published Wed, Jul 23, 2014 · 10:00 PM
Share this article.

[NEW DELHI] Jet Airways, India's second-biggest carrier, forecast yesterday a return to profit in three years through cost-cuts, route-sharing with new partner Etihad Airways and restructuring of hefty debt.

The publicly traded airline, which has not posted an annual profit since 2007, has been struggling in an overcrowded market beset by cut-throat fare wars, high fuel costs and shoddy infrastructure.

"The game plan is in place, it'…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here