Jet Airways Q1 net profit at Rs35mn

The continued resurgence in the domestic travel industry and sustained high levels of seat factors achieved in the International operations has mainly contributed to these results.
Jet Airways, India’s largest airline group has reported record operating performance for the first quarter ended June 30, 2010, aided by improvement in global business and leisure travel, improved On Time Performance and a series of strategic marketing initiatives implemented during the previous quarters. The improvement in EBITDAR margin was also due to the various cost efficiencies that we have achieved over the last few quarters.
The continued resurgence in the domestic travel industry and sustained high levels of seat factors achieved in the International operations has mainly contributed to these results.
The Jet Group has maintained its leadership position in the Indian aviation industry with the highest market share of 26.2 % for the quarter ending June 2010.
23/07/10 India Infoline

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Categories: Jet Airways Jul 2010