Jet Airways eyeing 8-9% revenue from cargo business
Cargo business growth would come on the back of an increased demand, both domestically and internationally, Jet Airways, vice president, Jay Shelat said.
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.