Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Debt-ridden Jet Airways to Stop Free Meals for Most Domestic Economy Passengers

Passengers will, instead, have the option to buy meals on board, the airline said in a statement on Monday.

Reuters

Updated:December 3, 2018, 7:33 PM IST
facebookTwitterskypewhatsapp
Debt-ridden Jet Airways to Stop Free Meals for Most Domestic Economy Passengers
Representative image/Reuters
Loading...

New Delhi: Jet Airways Ltd, India's biggest full-service carrier, will stop providing free meals to most domestic economy class passengers from January, in the debt-laden airline's latest move to cut costs and boost revenues.

Passengers will, instead, have the option to buy meals on board, the airline said in a statement on Monday.

"(The move) reflects the fast-evolving nature of Indian aviation, where an increasing number of guests want the freedom and flexibility to make their own travel choices," Jet said.

Rising price warfare in India has hurt Jet which competes with no-frills, low-cost carriers like InterGlobe Aviation Ltd's IndiGo and SpiceJet Ltd. Jet Airways has five categories of economy fares with different levels of benefits. It had already started phasing out free meals on the two lowest categories of economy fares. And it will now stop providing meals for two more categories from January 7.

The changes will not affect business class passengers in India nor all classes on international flights.

Jet Airways, which owes money to vendors and employees, is struggling to stay afloat and is seeking funds by raising equity and selling a stake in its loyalty programme. The airline is also cutting flights on some routes and increasing frequencies on others to boost profit.

The survival of 25-year-old Jet Airways, founded by entrepreneur Naresh Goyal, is crucial for the companies from which it leases over 100 of its fleet of 124 planes. The airline also has 225 Boeing Co 737 MAX jets on order.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 56.30 -13.91
LIC Housing Fin 414.00 -10.66
Indiabulls Hsg 450.55 -6.82
DLF 144.45 -15.82
Maruti Suzuki 6,208.55 -0.33
Company Price Change %Gain
LIC Housing Fin 412.85 -10.97
Yes Bank 56.30 -13.91
DLF 144.30 -15.91
Indiabulls Hsg 449.90 -6.82
Tata Steel 333.35 -2.83
Top Gainers
Company Price Change %Gain
Britannia 2,440.75 2.36
Dr Reddys Labs 2,545.40 1.69
Tech Mahindra 682.75 1.48
TCS 2,216.00 1.36
HUL 1,872.10 1.19
Company Price Change %Gain
TCS 2,214.90 1.33
HUL 1,869.00 1.03
HCL Tech 1,078.45 0.63
Top Losers
Company Price Change %Gain
Yes Bank 56.30 -13.91
Vedanta 129.05 -7.79
Indiabulls Hsg 450.55 -6.82
Bajaj Finserv 6,767.35 -5.30
Bajaj Finance 3,114.10 -4.52
Company Price Change %Gain
Yes Bank 56.30 -13.91
Vedanta 129.05 -7.76
Bajaj Finance 3,117.80 -4.39
Coal India 180.70 -4.26
Tata Motors 107.65 -4.14

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results