Jet Airways has increased its yields by 20% during the first 14 days of November as against the same period in October. Sudheer Raghavan, Chief Operating Officer of Jet Airways told aviation analysts that as mass cancellation of flights by Kingfisher Airlines led to increased demand and airfares.
“We feel that there will not be any undue pressure on the yields in the coming months,” Raghavan was quoted saying in the Times of India.
Airlines have been facing severe pressure on their yields – average revenue per mile per paying passenger – due to rising jet fuel prices and economic uncertainties. The airline reported loss of INR714 crore during the second quarter this financial year.