Mumbai: Jet Airways posted its biggest standalone quarterly net profit in close to nine years, helped primarily by a fall in fuel costs, the biggest cost chunk for an Indian carrier.
The airline also announced in a shareholder meeting, its decision to appoint Etihad's CEO James Hogan as its vice president, using a clause in the original shareholders' agreement signed with the Abu Dhabi-based airline. Etihad owns 24 per cent in Jet.
India's biggest airline by market share posted a standalone profit of Rs 221.70 crore for the April-June quarter, swinging from a net loss of Rs 217.65 crore a year earlier. Jet had posted a net profit of Rs 227 crore in the Jan-March quarter of FY06.
14/08/15 Anirban Chowdhury/Economic Times
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The airline also announced in a shareholder meeting, its decision to appoint Etihad's CEO James Hogan as its vice president, using a clause in the original shareholders' agreement signed with the Abu Dhabi-based airline. Etihad owns 24 per cent in Jet.
India's biggest airline by market share posted a standalone profit of Rs 221.70 crore for the April-June quarter, swinging from a net loss of Rs 217.65 crore a year earlier. Jet had posted a net profit of Rs 227 crore in the Jan-March quarter of FY06.
14/08/15 Anirban Chowdhury/Economic Times
