{"id":38117,"date":"2018-08-03T11:23:06","date_gmt":"2018-08-03T11:23:06","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=38117"},"modified":"2018-08-03T11:23:06","modified_gmt":"2018-08-03T11:23:06","slug":"jet-airways-slumps-6-in-morning-trade-on-bourses","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/jet-airways-slumps-6-in-morning-trade-on-bourses\/","title":{"rendered":"Jet Airways slumps 6% in morning trade on bourses"},"content":{"rendered":"<p>New Delhi<br \/>\nShares of Jet Airways on Friday slumped nearly 6 per cent in morning trade on the bourses after reports surfaced that the company\u2019s financials are in bad shape and drastic measures need to be taken to cut costs.<\/p>\n<p>Shares of the company on Friday opened on a weak note at Rs 324.80, then fell 5.72 per cent to a low of Rs 312.25 on BSE.<\/p>\n<p>Similar movement was seen on the NSE as well, where the stock of the company opened at Rs 323.90, then fell to a low of Rs 312.15, down 5.73 per cent over its previous closing price.<\/p>\n<p>According to media reports, Jet Airways has informed its employees that the airline will not be able to operate beyond 60 days unless cost-cutting measures, which include pay cuts, are put in place.<\/p>\n<p>Earlier, reports had surfaced that the airline has proposed up to 25 per cent pay cut for employees, but the proposal has been rejected by pilots and and engineers.<\/p>\n<p>The full-service carrier was believed to be in discussions with certain sections of employees on the salary cut proposal, which has been mooted amid efforts to save costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi Shares of Jet Airways on Friday slumped nearly 6 per cent in morning trade on the bourses after reports surfaced that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-38117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/38117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=38117"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/38117\/revisions"}],"predecessor-version":[{"id":38119,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/38117\/revisions\/38119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/38118"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=38117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=38117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=38117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}