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Wednesday, 16 January, 2013, 14 : 00 PM [IST]

Jet Airways to stop New Delhi-Milan flights from Feb 1, 2013

Jet Airways will be suspending its New Delhi-Milan flights from next month. The airline is curtailing its long-haul operations to cut down loss. Over the last few months the airline has pulled out of Johannesburg and New York (JFK) routes. "In view of the ongoing global economic slowdown and in particular the current economic crisis in the eurozone countries, Jet Airways announced that it has decided to temporarily withdraw its Airbus A330 daily direct service between New Delhi and Milan from February 1, 2013. As part of the on-going network rationalisation programme of the airline, one of the fiscal controlling measures adopted by the management has been the withdrawal of loss making routes and redeployment of those assets and capacities on other routes and destinations, where profitability will be better,'' the airline said in a statement.

Jet did not disclose how it will redeploy the airbus A330, which currently flies to Milan. The airline made a loss of Rs 100 crore on a stand-alone basis in the second quarter, a weak season for travel.
 
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