Monday, November 14, 2016

Jet Airways posts INR 85 cr /US$ 13m/ profit in Q2 of FY17

Jet Airways Group today announced a profitable quarter with a profit of INR 85 cr (US$ 13m) for the period ending September 30, 2016 despite a traditionally ?lean' quarter and domestic yields being under pressure.
Jet Group's total revenue for the second quarter FY17 increased by 3.2 percent to INR 5,682 cr (US$ 850m) from INR 5,504 cr (US$ 842m). Passenger revenues for Q2 FY17 rose by 2.2 per cent to INR 4,785 cr (US$ 716m) from INR 4,682 cr (US$ 716m).
Jet Airways continued to grow its capacity, network connectivity and guest experience by deploying its wide-body aircraft on key international and domestic routes during the quarter which helped it augment capacity to carry 6.77 million passengers. Wide-body B777s were deployed between Mumbai, Dubai and Singapore, enabling the airline to carry a higher number of passengers.
Enhanced synergies with partner carriers and improved operational performance also helped drive traffic and loads. The airline's presence in both domestic and international sectors and its fleet mix enabled it to manage the cyclical nature of its business successfully.
Naresh Goyal, Chairman, Jet Airways said, "Improvements in operational performance have helped Jet Airways participate in the strong growth being witnessed in the Indian aviation market.
13/11/16 Big News Network