Jet Airways eyeing 8-9% revenue from cargo business

Jet Airways is planning to boost revenues from the cargo segment, a senior official of the company said on Tuesday. Jay B Shelat, vice-president, cargo operations, Jet Airways, said the airline wants to boost revenues from this area to 9.5% in two years.

“Currently, our total cargo operations contribute 7-8% of the total revenue,” he said. Shelat said cargo constitutes 12% of Jet’s revenue from international operations and 4% from domestic operations. “In two years, we want to boost revenue to 14-15% and 5-6% respectively,” Shelat said.

He said an improvement in market conditions for the cargo segment and an increase in Jet’s capacity, would help the airline in achieving this goal.

“We will be adding additional capacity, as some of our leased
aircrafts will return to the airline and we are expecting an increase in demand in the next few years,” Shelat said.

However, Jet Airways does not plan to offer dedicated freighter services in the cargo segment as of now, he said.