Jet expects profit as market share shoots by 27%

Jet expects profit as market share shoots by 27%  As the Indian aviation sector is fighting hard to survive, one of the airlines is doing well. At least that what it seems when Jet says that it expects it profit to go up by 27 per cent during this fiscal.

This is happening since the airline has seen an increase in its market share. Talking to CNBC TV-18, Sudheer Raghavan, Chief Commercial Officer said that strong seat factor is going to turn around the story for Jet.

He sounded optimistic when he said that the current seat factor of 80 per cent was very much sustainable. He further informed that the overall capacity has gone up by 7 per cent and that the market share has gone up from 23 per cent to 27 per cent in August.

The company now expects the capacity to grow between 8-10 per cent and the yields to increase too.

Jet Airways plans to expand its footprints in the international market and has thought of starting a new flight to Milan. It will be commencing from December 5.

However, as per IATA, Indian aviation sector is not going to do very well in the coming year.