business class and premium economy seats to its fleet, he added.
Around 77% of Jet Airways’ losses in fiscal 2014 are on account of its domestic business, says Kaul. JetLite forms a significant portion of this business. The low-cost carrier’s revenues accounted for 9.18% of Jet Airways’ consolidated total income from operations (revenues) in the last financial year, according to MCA data. Indian airlines have long been burdened due to operating costs, which is one of the highest in the world. They have to paymore for jet fuel and by way of hefty taxes. In a price conscious market, revenues aren’t adequate to always cover costs.