With a record loss of Rs4,129 crores ($678.9m approximately) during the 2013-2014 fiscal year, Indian private carrier Jet Airways is looking forward to a major expansion of its international services next winter.
New services have been planned to Doha from Mumbai, Kozhikode and Thiruvanthapuram; Dubai from Kochi and Mumbai; and Abu Dhabi from Ahmedabad, Lucknow and Goa.
Company sources have said that it is working on a three-year business plan to turn profitable by 2017. The airline feels increasing foreign operations will boost foreign exchange earnings and offset rupee’s depreciation.
International operations account for 56 percent of Jet’s overall revenue; the airline plans to increase this to about 60 percent.
Source : Peninsula