Jet Airways has once again posted bleak news after seeing losses of USD 121 million for the year ending on the 31st of March.
Revenues and all other business areas also declined, and their long-term future within the industry has significant question marks. In addition, its chief executive departed the airline earlier this month in a massive blow to its revival plans.
While its executive left the consortium leading the rebirth of Jet Airways remained increasingly confident it’d overcome the hurdle and move ahead towards a relaunch.
Those hopes were further thrown down the drain only a few days ago as Jet Airways’ AOC Air operating certificate officially expired.
JKC, the consortium that took over Jet Airways in 2021, has attempted countless times to get the airline back in the skies but has failed to do so repeatedly.
As other Indian carriers have advanced, taken market share, and new ones have popped up, the landscape has changed drastically since Jet Airways collapsed, and whether they’ve addressed vital concerns that led to their collapse in the first place remains another question in desperate need of answering.
Whether the company gets the chance to answer those questions remains to be seen as concerns continue to rise over the future for the airline and whether one exists in the long term.
Daniel Fowkes
25 May 2023
· Airlines
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