Feed Post
Vastutah
Stealth • 7d
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
More like this
Recommendations from Medial
Jaswanth Jegan
Stealth • 4m
“Plane Ticket in cost of a Train Ticket” Disruption Dairies #3 Deccan Airlines was founded by Captain G.R. Gopinath in 2003 as India’s first low cost Airline with a plan of offering plane ticket in a train ticket cost. To keep the operating costs
See More
Download the medial app to read full posts, comements and news.