Listed airlines expect to report operating profits in Dec quarter

New Delhi/Mumbai: The country’s three listed airline companies, Jet Airways (India) Ltd, SpiceJet Ltd and Deccan Aviation Ltd, could report operating profits for the December quarter compared with losses in the year-ago period, helped by strong passenger growth and imposition of addition fuel surcharge, according to analysts tracking the aviation sector in India.
The last quarter of the year is generally the peak season for airlines across India. This year, the carriers were able to hike airfares by Rs400-500 on an average, resulting in higher yields and consequently better revenues, apart from Rs300 extra per ticket as fuel surcharge.
A leading foreign brokerage pointed out that Jet Airways will post a net loss of over Rs100 crore as there was no sale and leaseback deal during the reporting quarter and there Jet Airways’ margin had been under pressure because of international operations.
22/01/08 Tarun Shukla and P.R.Sanjai/Livemint

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Categories: Indian Aviation- In General Jan 2008