Annual Report cb smile - Jet Airways

Management’s Discussion and Analysis (contd.)
6.8 The Company, as part of its risk management strategy, reviews on a continuous basis, its strategies, processes,
procedures and guidelines to effectively identify and mitigate risks. Key risks in all areas of the Company’s
operations and management have been identified and are monitored.
7. Opportunities, Risks, Concerns and Threats
7.1 We believe that the strong performance of the Indian economy will be the most important factor in the recovery of
Indian aviation and to improve the Company’s performance. This has already been demonstrated in the latter part
of the financial year 2009-10 and in both passengers and cargo loads and revenues compared to the same period
in the previous financial year.
7.2 The introduction of “Jet Airways Konnect” and the improvement in the service and reliability of our subsidiary
Jet Lite (India) Limited have ensured that we are a strong player in the “no frills” sector.
7.3 The convenient flights in our large domestic network and our convenient flights to and from SAARC and ASEAN,
help feed our long and medium – haul international flights to and from India.
7.4 We will continue to expand alliances with other international carriers in order to improve our global connectivity
and network.
7.5 While global oil prices have been relatively less volatile during the year under review, any major increase in oil
prices will adversely impact the aviation industry. The Company will also be impacted by any major deterioration of
the Rupee against the US Dollar and Euro, as the Company’s outflow in foreign currency is higher than the inflow.
7.6 The possibility of terrorist attacks in India (such as those that took place in Mumbai on 26th November, 2008),
internal terrorism as well as terrorist activities in neighbouring countries, such incidents could adversely affect
travel into India and out of India.
Certain statements in this Management Discussion and Analysis describing the Company may be ‘forward-looking statements’
within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or
implied. Important factors that could make a difference to the Company’s future operations include economic conditions
affecting air travel in India and overseas, change in Government Regulations, changes in Central and State taxation, fuel prices
and other factors.
25