Jet Air achieves seat factor in intl operations of 66%

Jet Airways has announced its second quarter numbers. The company has posted standalone net loss of Rs 384.53 crore for the quarter ended September 2008 as against net profit of Rs 28.36 crore in same period of last year.
Its standalone net sales went up at Rs 3,080.37 crore from Rs 1,818.55 crore
Key takeaways from Jet Airways concall
* Revenue grew by 45%.
* 52% revenue came from international business and 48% from domestic operations.
* There is no expansion plan in near future.
* It has debt of 135.44 billion dollar.
* Company sees good build up of traffic.
* It have implemented two fare increases in August and September respectively & there was an increase in the fuel surcharge as well, which has resulted in our yields increasing by 33.8%.
* The company achieved a seat factor in international operations of 66% for the quarter.
* During the quarter, it started flights to Dubai from Mumbai & Delhi & to Muscat from Thiruvananthapuram.
27/10/08 Moneycontrol.com

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Categories: Jet Airways Oct 2008