Jet Airways (9W) in Financial Trouble?

[Nisho]

Is Jet Airways going the Kingfisher way? - Times of India

Seems to be financial turmoil for yet another Indian Airline, employees reportedly asked to take a 20%~ paycut. I believe QF codeshares with this airline from SIN for India services so could affect passengers from Australia too.

 

[docjames]

Reportedly somewhere south of 60 days cash in hand.......

 

[moa999]

You would have rafter kingfisher fell that profitability would improve.

Air India is a continual loss making basket case and the governments laughable attempt to sell it have garnered no buyers
And even IndiGos latest qtr it barely made a profit, down 98%

 

[Nisho]

Surprising situation these airlines seem to be in considering the population base India has and the surging middle class happy to travel.

Perhaps it has something to do with (a) the price sensitivness of the population and (b) sky high fuel prices over there amongst other reasons.