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Total 21 results found. Search for [ Jet Airways 25% salary cut ]

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PTI
December 31, 2018
From spiralling costs and cut-throat competition pushing airlines into the red to government initiatives aimed at boosting the fast-growing sector


PTI
December 31, 2018



PTI
December 31, 2018



PTI
December 31, 2018
Jet Airways strategic partner and Middle-east carrier Etihad, which holds 24 per cent stake in the Indian full-service carrier, is likely to provide a guarantee for the loan


BusinessToday.In
New Delhi, November 27, 2018
Jet Airways to clear remaining September salary on December 4, rest of the dues by March 31Jet Airways will pay the remaining 25 per cent September salary to its senior staff early next month and is likely to come out with a revised payment schedule soon, a source at the airline said Monday. Notably, Jet Airways pilots had last week threatened not to perform additional duties from December 1 if their salary dues were not cleared by November 30. General Motors to cut around 15,000 jobs, h...


BusinessToday.In
New Delhi, October 22, 2018
Jet Airways said that external factors such as crude price, rupee devaluation and pricing environment necessitate change in the airline's operations.


PTI
October 6, 2018
The assurance came following a meeting between the Jet Airways management and its domestic pilots' union, National Aviator's Guild, at the airline's headquarters.


BusinessToday.In
New Delhi, September 6, 2018
\"Withholding salaries, that too without prior notice, is a serious matter and the management will bear sole responsibility for any repercussions. Not paying the salaries on time would lead to non-cooperation by pilots,\" say Jat Airways pilots.


BusinessToday.in
New Delhi, August 28, 2018
Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...


BusinessToday.In
New Delhi, August 9, 2018
In addition to Rs 11,000 crore bailout package, the govt may give the board of directors additional powers to take decisions on operational issues.


BusinessToday.In
New Delhi, August 6, 2018
The problem with Jet Airways is no different from the rest of the industry -- revenues are sliding and costs are rising. The carrier posted a loss of Rs 1,040 crore for the fourth quarter of fiscal 2018, and the revenue drop was visible in both international and domestic operations. Watch BusinessToday.In's video on reasons behind Jet Airways' financial woes.


BusinessToday.In
New Delhi, August 6, 2018
The buzz earlier was that having posted a loss of Rs 1,040 crore for the fourth quarter of fiscal 2018, the airline was in serious damage control mode and had informed its employees that a 5-25 per cent salary cut was on the cards.


Manu Kaushik
New Delhi, August 3, 2018
Jet's expenses has registered a steep rise, primarily led by aviation turbine fuel cost, foreign exchange losses, loans advances to subsidiary JetLite, and aircraft maintenance charges.


BusinessToday.In
August 3, 2018
Jet Airways refuted the claim in a regulatory filing. \"The statement 'Can't fly beyond 60 days, Jet tells staff', as appeared in the media, is incorrect and malicious,\" the airline informed the stock exchange.


BusinessToday.In
August 3, 2018
At 10:31 am, the stock fell 4.21% or 14 points to 317.25 level. The stock has fallen after two days of consecutive gains.


BusinessToday.In
New Delhi, August 1, 2018
The airline has an annual salary bill of Rs 3,000 crore. The salary cut is expected to reduce this expenditure by around Rs 500 crore.


PTI
New Delhi, September 30, 2013
Amid turbulent times in the aviation space, top executives of listed carriers have seen their salaries coming down, with low-cost SpiceJet's CEO taking the biggest cut.


K.R. Balasubramanyam and Mahesh Nayak
July 23, 2013
The carrier posted earnings before tax, interest, depreciation and amortisation of Rs 19 crore in 2012/13. The achievement is significant, considering that the airline has been making losses for the past seven years.


Lalatendu Mishra
Mumbai, June 13, 2012
AI is offering the lowest fares indicating lack of demand for its services. The trend is visible in both long and short-haul global sectors. In some cases, the airline is offering tickets at nearly half the price of Jet Airways.


Sushmita Choudhury
December 23, 2008
With lower salary hikes and slow hiring predicted across sectors, pay for performance is set to be the norm for the new year.


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