Jet Airways says board to meet later this month for quarterly results
17 Aug 2018 5:37 AM GMT
Jet Airways board will meet on August 27 to approve financial results for the quarter ended June 30.
Jet Airways, India's second-largest airline by market share, plans to slash pay of dozens of its junior pilots by as much as 50 per cent in a cost-cutting move, according to two sources and letters seen by Reuters.
Jet Airways (India) Ltd’s board will meet on August 27 to approve financial results for the quarter ended June 30, the beleaguered carrier said on Friday, after it delayed its quarterly results earlier this month.
India’s biggest full-service airline deferred its quarterly results on August 9, sending its shares to a three-year low.
Jet said on August 3 it would be able to cut costs and keep flying, despite reports that it had warned staff it was running out of cash.
( Source : reuters )
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