Saturday, May 26, 2012

Jet Airways Q4 revenues up 24% to Rs 4092.7cr

Jet Airways' March quarter loss widened to Rs 298 crore from Rs 124 last year, as a weak rupee further pushed up the fuel bill, and neutralized the 24% growth in revenues
While aviation fuel cost surged 26% to Rs 307.7 crore, YoY, the Rupee also depreciated over 14% to Rs 50.8 against the dollar. The company incurs 60% of its expenses in dollar denomination.
26/05/12 Sonia Shenoy/CNBC-TV18/Moneycontrol
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