Mumbai: Despite reporting better revenues during the third quarter of FY14 due to robust demand from passengers during the peak holiday season, several key factors like rising fuel costs, depreciation of the rupee and increase in airport charges contributed to listed airlines — Jet Airways and SpiceJet — posting losses in the quarter ended December.
While both airlines, Jet Airways and SpiceJet, saw their revenue/topline grow by 7.85% and 12.80% during the latest quarter to Rs 4,535.87 crore and Rs 1,807.74 crore respectively, in line with many analyst estimates, the airlines posted losses during the period as compared to profit during the same quarter of the last fiscal.
However, both the airlines posted narrower losses than ones envisaged by industry experts like Centre for Aviation (CAPA).
Jet Airways posted a loss of Rs 267.89 crore during Q3, FY 2014, from a profit of Rs 85 crore during the same quarter of the previous year while SpiceJet posted a loss of Rs 172.80 crore during the December quarter as against a profit of R102 crore during Q3, FY 2013.
24/02/14 Financial Express
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While both airlines, Jet Airways and SpiceJet, saw their revenue/topline grow by 7.85% and 12.80% during the latest quarter to Rs 4,535.87 crore and Rs 1,807.74 crore respectively, in line with many analyst estimates, the airlines posted losses during the period as compared to profit during the same quarter of the last fiscal.
However, both the airlines posted narrower losses than ones envisaged by industry experts like Centre for Aviation (CAPA).
Jet Airways posted a loss of Rs 267.89 crore during Q3, FY 2014, from a profit of Rs 85 crore during the same quarter of the previous year while SpiceJet posted a loss of Rs 172.80 crore during the December quarter as against a profit of R102 crore during Q3, FY 2013.
24/02/14 Financial Express
