Jet Airways Case Study

INTRODUCTION

The purpose of this report is to identified the Risks of Jet Airways faced. Jet Airways is the India 's market leader in airline industries, however has faced increasing competition over the last decade resulting attrition in their market share. Jet Airways occupies second place. Along with its subsidiary, Jet Konnect, it had a share of 22.6 per cent of the Indian skies. The airline was the largest and occupies the number one position with a market share of 28.2 per cent. Jet Airways is a major Indian airline based in Mumbai. IndiGo occupies the top position both in terms of market share and passengers carried and was considered the second largest airline in India. It operates over 300 flights daily to 74 destinations worldwide.

Generally, risk management process is very important in every organization to identify the risk that may harm the organization and take an effective action to minimize the negative impact. It’s also called as risk assessment. Risk assessment consists of those activities that enable risk managers to identify, evaluate, and measure risk and uncertainty and their potential impact on the organization. The term of risk can be defined as an uncertain event that if it occurs, can have a positive or negative effect on an organization’s goals. There are five steps that need to done by an organization in in this process that is risk identification, risk analysis, risk evaluation, risk treatment, and the last step is monitoring the risk. This risk assessment would help an organization to control the uncertainty occur and can provide a better planning in handling the risk that may occur. This is important for a company to achieve its goal and vision and to increase the growth of company. Thus, the case study of Jet Airways will be summarize and analyze in more detailed based on this five step of risk

Firstly, we have meeting together to make a discussion on the topic that are related to the case study and every member are presenting their idea about their understanding about the case study about after reviewing the case study. Then, after the issue has been discuss, all member will list out all of the possible risk that may faces by the organization. This possible risk is gathering from the case study and also from the various sources such as from the internet to get the most possible of risk that will affect the jet airways industry. All of this risk will be noted down and