Resource title

CEO view: Wolfgang Prock-Schauer of India’s Jet Airways

Resource image

image for OpenScout resource :: CEO view: Wolfgang Prock-Schauer of India’s Jet Airways

Resource description

As the aviation industry faces its biggest crisis in recent history because of high fuel prices and the economic slowdown, airlines are forced to do business differently as they seek to trim operating costs ruthlessly to brace themselves for tough times ahead.

“Jet Airways is working on all areas to streamline operations including cutting loss-making routes,” says Wolfgang Prock-Schauer, CEO of Jet Airways, India's largest private airline. India’s aviation industry lost $1 billion last financial year ending March 2008 and it expects to lose another $2 billion this financial year. Jet Airways’ fuel bills have increased by $50 million a month.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://knowledge.insead.edu/CEOJetAirways.cfm?vid=85

Resource license

Copyright INSEAD. All rights reserved