Jet Airways returns to profit in Q1

Mumabi: Jet Airways, India's biggest domestic airline, said on Monday that it returned to profit in the first quarter, rebounding sharply from a loss a year ago, but warned it faces rising costs.
The airline had a net profit for the quarter ended June of to Rs 308.8 million ($7.72 million) after a loss of Rs 449.8 million in the same quarter a year ago.
Revenues for the quarter rose nearly 20% to Rs 19.8 billion. However the company said it expects revenues and profit to be impacted negatively in the next six months.
31/07/07 Reuters/Times of India

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Categories: Jet Airways Jul 2007