JetLite to breakeven next fiscal: Jet Airways

Jet Airways has registered a net loss of Rs 91.1 crore in Q3 FY08 as against a profit of Rs 40 crore on a YoY basis. During the same period, its net revenue stood at Rs 2,520 crore as against Rs 1,935.7 crore, YoY.
Wolfgang Prock-Schauer, CEO, Jet Airways, said the 13% rise in fuel prices affected the company’s domestic and international operations. The company has suffered USD 22 million in losses in the JetLite venture in Q3 FY08, he said. "JetLite would break even in next fiscal."
29/01/08 Moneycontrol.com

To Read the News in full at Source, Click the Headline

Categories: Jet Airways Jan 2008, JetLite Jan 2008