With high global crude prices hitting bottomlines of airlines, Jet Airways chief Mr Naresh Goyal sid on Tuesday said the industry, including his own carrier, would have to raise fares to stay away from a crisis.
"The aviation industry has to raise the fares as and when the hikes come. I am not in a business where I should only look for capacity. At the end of the day, I will have to work to give profits to my shareholders,"’ he said here.
Crude prices have been on a record run lately and touched $135 a barrel, immensely increasing the cost of jet fuel (ATF).
Mr Goyal was speaking after taking static delivery of a brand new Airbus A-330-200 at the Berlin Airshow ILA, which started today.
Jet Airways has placed orders for a total of 10 A-330-200 to operate on long-haul routes. To questions regarding acquisition of the world’s largest airliner A-380, Mr Goyal said: "At the moment, we are not ready but we are studying the proposal."
He said Jet Airways was "seriously studying" Airbus Industrie’s A-350 XWB (Extra Wide Body) aircraft whose deliveries would begin from 2013. "We don’t place orders just for the sake of it. For us, frequency is important."
The A-350 XWB are a medium capacity long range aircraft. A-350-800 would carry 270 passengers, while A-350-900 would be able to accommodate 314 and A-350-1000 would have a capacity of 350.
Mr Goyal said though Jet had a "good amount of market share, but that does not mean we have room for complacency." - PTI Related Stories: Air fares go up on turbine fuel price rise
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