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Vastutah
Vastutah • 8m
1. High Debt Burden: Jet Airways accumulated significant debt over the years. Its financial liabilities became difficult to manage, with creditors eventually losing confidence in the airline's ability to repay. 2. Increased Competition: Low-cost carriers like Indigo and SpiceJet grew rapidly, offering cheaper ticket prices and capturing a large share of the domestic market. Jet Airways struggled to compete while maintaining a full-service airline model, which is generally more expensive to operate. 3. Rising Fuel Costs: Fuel costs are a major expense for airlines, and Jet Airways struggled to cope with increasing fuel prices. Unlike some competitors, it had limited strategies in place to offset these costs, putting additional strain on its finances. 4. Poor Management Decisions
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