Jet in Rs 100-cr cost-savings drive

Kolkata: Jet Airways, fresh from a second quarter loss of Rs 55 crore, is working on a turnaround plan aimed at saving nearly Rs 100 crore over the next five months of the current financial.
Confident that the worst is over for the Indian aviation industry in general, now that crude oil prices have come down, Jet is working on its fuel costs, a measured expansion in capacity without any big increase in headcount and more web-based bookings.
‘‘We have a cost savings programme in place for the remaining five months of the year, which amount to $22 million (Rs 98.70 crore),” chief executive officer Wolfgang Prock-Schauer said.
06/11/06 Kolkata Newsline

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