Case Study 'Risk and Decision Making'

Scientific Study from the year 2008 in the subject Business economics - General, grade: B-, University of Birmingham, language: English, abstract: Jet Airways is one of the biggest airline companies in India. The company started its operations in May, 1993 from Mumbai/India. The main products of the company are passengers air transportation, cargo service and services such as City Check-in or Ramp handling. Jet Airways operates 340 flights daily and mostly to their 44 domestic destinations but the company also serves the six following international destinations: Malaysia, Nepal, Singapore, Thailand and the United Kingdom. Jet Airways' revenue in 2006 accounted for 1379.9 million USD, which signifies an increase of 38.8% compared to 2005 (ICFAI, 2005). The trend of fast global travel goes together with the strong supplier power, as aircraft manufacturing is dominated by a duopoly. The global airline industry is a deregulated industry which attracts new entrants (airlines) and the most successful segment is the domestic one, with a volume of 67.3%. Another indication for more and fast global travel are growing passenger numbers of 6.5% (2002-2006)(ICFAI, 2005).