1. Etihad Airways pact helps Jet Air fly high on international routes

Etihad Airways pact helps Jet Air fly high on international routes

Mumbai-based full-service carrier Jet Airways continues to fly high on international routes, thanks to its association with Etihad Airways.

By: | Mumbai | Published: October 30, 2015 12:02 AM

Mumbai-based full-service carrier Jet Airways continues to fly high on international routes, thanks to its association with Etihad Airways. Revenues of Jet Group from international routes grew 4.7% on year during the quarter ended September 30 to Rs 3,245 crore. The available seat per km increased to 6.6% on year from the corresponding period last year.

Post equity infusion by Etihad, Jet Airways has started to use Abu Dhabi as a gateway, which helps the airline get additional revenue. Jet also flies directly to international destinations in Europe, ASEAN countries, North American nations, and Etihad Airways’ association with international airlines such as Air Berlin, Air Seychelles and Darwin Airline has helped Jet Airways get more number of passengers.

“This improvement is largely the result of optimising our network to have a tighter integration between domestic and international networks, enhanced by synergies with partner carriers and improved operational performance,” said chief executive officer of Jet Airways.

In the international business, the Naresh Goyal-promoted airline registered a 6.6% on-year growth in capacity, and a 9.7% increase in the number of passengers.

“The quarter witnessed a significant growth of 29% in overall code share traffic, while at the same time, the code share traffic by strategic partner Etihad Airways and its partner airlines grew by 87%,” said Ravichandran Narayan,
vice-president (finance).

Besides international routes, Jet Airways fared well in domestic routes as well as revenues increased 14.1% on year to Rs 2,272 crore. In the second quarter, domestic revenues constituted 41% of the total revenues of the carrier.

The passenger load factor in the second quarter improved from Q1 by 860 basis points to 79.6%. The management has been focussing on aircraft utilisation to grow business.

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