New Delhi: Jet Airways said that it would not significantly add capacity during 2012-13. However, the domestic aviation market leader expects yield, revenue/passenger, to improve significantly during the current quarter ending March 31.
Jet's share rose to Rs 244.55 on Tuesday on Bombay Stock Exchange, 1.22 per cent higher than the previous closing.
This happened because the company posted losses lower than the market's apprehension - at Rs 101.2 crore during quarter ending December 31, 2011. Analysts had estimated a Rs 300-crore loss.
Addressing an analyst conference call post-third quarter results (October-December 2011), the Jet management indicated that capacity induction in the next financial year would be “sedate” at around five per cent.
24/01/12 Business Line
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