Jet is cutting costs to cope with a fall in load factor, which on a year-on-year basis has gone down by 8 per cent to just over 65 per cent.
New Delhi: Jet Airways has launched a cost cutting programme.
CEO, Wolfgang Prock-Schauer, in an exclusive interview with CNBC-TV18, said that this will lead to savings of $70 million in the next financial year, and $22 million in the five months leading up to March 2006.
Wolfgang Prock-Schauer said, “When I said 80 per cent, I said 80 per cent of the costs are not dependent on the business model- be it no-frills or full-service- we have a savings programme in place.”
Jet is cutting costs to cope with a fall in load factor, which on a year-on-year basis has gone down by 8 per cent to just over 65 per cent.
This means that only 65-70 per cent of seats on its flights are being occupied on an average.
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