Jet Airways has lost Rs 100 crore in revenues ever since its pilots went on leave demanding restoration of two of their sacked colleague’s .The passengers load factor has gone below 50% in the said period, which benefited rival airlines.
The domestic executive director has slid to 14,000 per day from 23,000 whereas international bookings have dropped to 9,500 per day from 10,500 the company said.
Jet Airways executive director Saroj Dutta said,” We are losing revenue earnings of around $5 million.’ He denied any delay on the payment of salaries for this month. The Naresh Goyal-controlled Jet Airways annual salary bill is around Rs 2,000 crore for over 12,000 employees.
Meanwhile, the passengers load factor of both full service carriers like kingfisher airlines .Air India , Paramount and low cost carrier like Indigo,SpiceJet,GoAir were up with some of them registering levels in excess in 95% on some peak hour flights .LCCs typically , have around a 70% load factor while the corresponding number for FSCs is 60-65%.
This is among the few instances in the last two years when domestic flights are running full. Ticket prices on other airlines, following the strike by Jet’s pilots, have increased by as much as 30%. A sect oral analyst said,” If the strike holds out , it will make a bigger dent on Jet’s load factor .” The Jet Airways’ stock closed at Rs 257.40 on Friday on the BSE, up 1.64%.
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