Weak rupee, higher ATF price may ground Jet Airways

Jet Airways' rebound in the quarter to June 2012 is a reflection of the fact that full service carriers benefit, even in a weak operating environment when there are fewer players.
The airline clawed back its way to the black in the June quarter after posting losses for five consecutive quarters with a net profit of Rs 24.7 crore compared to a loss of 123 crore a year ago. This growth has been supplemented by a strong increase in yields and passenger revenues partly boosted by a reduction in capacity because of the troubles being faced by Kingfisher and Air India.
Jet's operating revenues grew 29.5 per cent to Rs 4,587 crore in the June quarter, boosting the company's consolidated yield by an impressive 16 per cent to 4.3 during this quarter on a year on year basis.
06/08/12 Rajesh Naidu/Economic Times

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Categories: Jet Airways Aug 2012