Is the worst behind Jet Airways? Does it need Kingfisher?
Jet Airways appeared to be turning the corner in the third quarter, declaring in mid-Jan-09 that it was on course for a return to break even - or even a small profit - next financial year. The falling price of fuel is the main reason for the improvement in fortunes for the Mumbai-based carrier in the Oct-Dec-08 period, while capacity cuts also helped to stabilise load factors and yields.
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