Mumbai: Airline major Jet Airways on Thursday reported a standalone net profit of Rs.397.16 crore for the fourth quarter (Q4) of 2015-16.
The airline had posted a net loss of Rs.1,728.99 crore in the corresponding quarter of 2014-15.
On a standalone basis, the airline's total income from operations for the quarter under review inched up by 3.56 percent to Rs.5,245.28 crore from Rs.5,064.52 crore in the corresponding quarter of 2014-15.
The company's total expenditure during Q4 declined by 13.35 percent to Rs.4,848.14 crore from Rs.5,595.64 crore for the quarter ended March 31, 2015.
The fuel expenditure which constitutes a major part of the total operating cost plunged by 25.13 percent to Rs.999.07 crore from Rs.1,334.47 crore in the corresponding quarter of the previous fiscal.
For the full financial year 2015-16, the airline's standalone net profit stood at Rs.1,173.56 against a net loss of Rs.1,813.71 crore in 2014-15.
30/05/16 IANS/Times of India
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The airline had posted a net loss of Rs.1,728.99 crore in the corresponding quarter of 2014-15.
On a standalone basis, the airline's total income from operations for the quarter under review inched up by 3.56 percent to Rs.5,245.28 crore from Rs.5,064.52 crore in the corresponding quarter of 2014-15.
The company's total expenditure during Q4 declined by 13.35 percent to Rs.4,848.14 crore from Rs.5,595.64 crore for the quarter ended March 31, 2015.
The fuel expenditure which constitutes a major part of the total operating cost plunged by 25.13 percent to Rs.999.07 crore from Rs.1,334.47 crore in the corresponding quarter of the previous fiscal.
For the full financial year 2015-16, the airline's standalone net profit stood at Rs.1,173.56 against a net loss of Rs.1,813.71 crore in 2014-15.
30/05/16 IANS/Times of India
