Wednesday, October 18, 2006

Jet Airways continues to be in red, Q2 loss at Rs 55 cr

New Delhi: India`s leading private carrier Jet Airways failed to fly out of losses for the second consecutive quarter this fiscal, posting a loss of Rs 55 crore in the three-month period ended September 30.
While domestic operations resulted in a pre-tax loss of Rs 122.6 crore, the international operations suffered a pre-tax loss of Rs 111.4 crore -- the reasons for this being high fuel costs, discounted fares and increase in staff strength among others.
However, the overall revenue for the quarter stood at Rs 1,820 crore, up 38 per cent compared with the same quarter last year.
Jet Airways said it planned to induct six more aircraft in its fleet by march next year to take the total to 63 planes.
17/10/06 Zee News