Mumbai: Jet Airways on Friday reported a net loss — fourth straight quarterly loss — of about R268 crore in the December quarter mainly due to high fuel prices, rupee depreciation and increase in airport charges. The company had posted a profit of R85 crore in the same quarter last year.
During the period, the airline reported a 7.8% year-on-year increase in its total income from operations to about R4,536 crore.
The airline, however, saw expenses rising by 23% y-o-y to R4,762 crore due to increase in fuel expenses, aircraft lease rentals, and other expenses.
“After the equity infusion by Etihad, Jet has reduced its debt from R12,494.70 crore as of September 2013 to R10,895.20 crore in December 2013. This will help lower Jet’s interest costs going forward, ” a company statement said.
08/02/14 Financial Express
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During the period, the airline reported a 7.8% year-on-year increase in its total income from operations to about R4,536 crore.
The airline, however, saw expenses rising by 23% y-o-y to R4,762 crore due to increase in fuel expenses, aircraft lease rentals, and other expenses.
“After the equity infusion by Etihad, Jet has reduced its debt from R12,494.70 crore as of September 2013 to R10,895.20 crore in December 2013. This will help lower Jet’s interest costs going forward, ” a company statement said.
08/02/14 Financial Express
