Amidst the debilitated financial performance in the last three quarters, Jet Airways is set to withdraw its flight services on over seven Gulf routes from this month.
The airline has cut over 40 flights a week to Muscat, Doha, Abu Dhabi and Dubai altogether from various domestic cities.
Jet claimed the scale of its operations would remain unchanged. It also added at least 20 flights on as many global routes, especially in South East Asia, including Singapore, Kathmandu, and Bangkok.
“Jet Airways has decided to withdraw its services to Doha from Kochi, Kozhikode and Thiruvananthapuram as well as to Abu Dhabi from Lucknow and Mangalore. Besides, the airline will also not operate on Mangalore-Dubai route. All these services are being taken out of operations from December 5,” says report.
The Naresh Goyal-controlled airline currently operates one service on Kochi-Doha, Mangalore-Abu Dhabi, Mangalore-Dubai and Lucknow-Abu Dhabi on a daily basis. The Kozhikode-Doha and Delhi-Muscat is four days per week operations while Thiruvanathapuram-Doha services are three times per week.
“Given the challenging aviation industry conditions against the backdrop of a sharp rise in the Brent fuel price, a depreciating rupee and a difficult pricing environment, Jet Airways has undertaken a series of initiatives to enhance economic performance, efficiency and productivity that will ensure the long-term health of its business,” said the cash-strapped carrier responding to media.
Gulf operations are being optimised and focus is being shifted to connectivity at its hubs in Mumbai and Delhi instead of point-to-point connectivity, by enhancing the frequency on Mumbai- Doha, Delhi-Doha as well as Mumbai-Dubai routes, the airline said.
“Jet Airways has undertaken a comprehensive review of its network, whereby it will move capacity from uneconomical routes to more profitable ones, to more closely align the capacity offered with the demand characteristics of specific markets,” Jet Airways said in a statement to PTI.
Jet Airways posted a net loss of Rs 1,261 crore during the September quarter, airline’s third successive quarterly loss.
Due to monetary loss and debts, the airline has cancelled flights, delayed salaries of the employees and laid-off people.