Jet Airways founder Naresh Goyal urges employees to 'relook at all costs'
Updated : December 28, 2018 01:57 PM IST
Jet Airways is in the midst of a major financial crisis. The carrier reported a loss of over Rs 2,500 crore in the first half of the financial year and a year-on-year revenue growth of just 3.5 percent.
Poor financial performance and surging debt prompted the company to take cost-cutting measures, which included delaying salary payments, cutting down on network and laying off employees.