IATA forecasts airline losses due to soaring fuel costs
22nd March 2012
Local media reports suggest that Jet Airways has abandoned its attempt to force employees to take a 25% cut in salary as an emergency cash raising measure. Pilots and other employees rejected the proposals in discussions with the airline. The airline remains in financial difficulties, however, and is seeking additional cash raising measure according to local media reports. Click here for our analysis of the Jet Airways situation.