Jet Airways: The dark horse

Mumbai: The performance of Jet Airways in the June quarter shows the demand-supply conditions have helped the airline post good numbers. Against a net loss of Rs 198 crore that analysts were expecting, the airline surprised with a net profit of Rs 24.7 crore.
It’s been a strong quarter operationally for the airline as passenger loads and yields improved beyond expectations. Jet Airways posted a revenue jump of 32 per cent on a standalone basis to Rs 4,710 crore, while consolidated revenues (including JetLite) stood at Rs 5,270 crore.
Analysts say the airline has managed to post a profit of 24.7 crore against a loss of Rs 123 crore in the year-ago period. As load factors improved, the operating costs also came down, helping the company book profits.
04/08/12 Business Standard

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Categories: Jet Airways Aug 2012