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Question posted: 09 09 2009 06:47:12 +0000,
6 answers, 479 views, last activity
07 06 2010 20:18:08 +0000
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Shares of Jet Airways on Wednesday plunged over six per cent in morning trade on the Bombay Stock Exchange as pilots kept away from work for the second consecutive day leading to disruption of services. The shares of Jet Airways fell as much as 6.49%over previous close to Rs 245 on the BSE. The airline has cancelled 31 domestic and international flights from various cities today after 350 of its pilots went on a mass sick leave in protest against sacking of two pilots by the airlines management.
On the National Stock Exchange Jet Airways plunged six per cent to Rs 242.35. On the volume front, over 3.96 lakh shares changed hands on both the bourses. Nearly 40 per cent of their pilots went on a mass sick leave which saw more than 200 flights getting cancelled, now the news comes that they are going to sack 3 more employees who are participating in this strike.
Even after the the Bombay High Court passed a restraining order against the agitation, the pilots' body, National Aviators Guild (NAG), decided to continue with their ongoing agitation. And after all this Naresh goyal has come out and said that he will not hesitate to close the airlines if pilots don't do their jobs, with all this happening around the share prices have plumetted. Would like to know Will the current turmoil in Jet airways have a major impact on its shares? share your views on this.
Every organization faces worker problem and I don't think this kind of situation can impact share price of a company to a great extent but the kind of statement Mr. Goal has given that " he will not hesitate to close the airlines if pilots don't do their jobs" will impact the company and it shares prices hugely.
I don't think Top Management of any company should give statement like this.
The current turmoil would'nt have a larger impact in future for Jet airways because sometime the small incedent bring the end to the company life so the jet airway shoud solve the problem as soon as posible. This problem is creating the damage to their image and in longrun it may be bad for the company.
I believe, the current turmoil will have an negative impact in the long run for Jet airways share price. Its a temporary turmoil bringing management to a quick solution. I think this event will add to the ongoing problems............
It will definately affect the share price.....but this is not first time jet airways have hit a road block......so in any case its share price has not been performing on stock market....!!!!!!!!!!
Today every event small or big is affecting the stock market and the prices.. We all know that the markets run on the sentiments, we have seen a sharp correction in Jet Airways stock after the strike, so we cannot deny the imapct of the strike on the market...
What we can understand is the lieu of the strike the operations of JET were hindered for two days, that means a very marginal hit to the cash flows, we all know the current scenario of the aviation industry and JET, they are going from a rough patch, such kind of events add to the ongoing problems and so i believe that the markets have discounted to the news...
The current turmoil would'nt have a larger impact in future for Jet airways share price. Beacuase this is a temporary turmoil which the management would come to a quick solution. Many companies do face worker problems but such issue reaches to a conclusion sooner so that the operations does not get hindered.
If the company faces these kind of situation regularly then it might have a negative impact on the share price of the company in the longer run due to continous hindrance of manpower in the operations.
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