New Delhi: Jet Airways today said it has repaid loans worth Rs 558 crore in the September quarter and expects its debt burden to come down as business improves.
However, the leading carrier anticipates its debt to be marginal higher before tapering off.
The airline saw its net profit jump 25 per cent to Rs 87.59 crore in the July-September period.
During an analysts call today, Jet Airways' senior executive Ravichandran Narayan said its net debt stood at Rs 11,171 crore at the end of September. "We are absolutely current (on time) in servicing our (debt) obligations. From the level that we are in September, there is going to be marginal increase... then you get to see a tapering effect (debt coming down) as the business improves," he said.
29/10/15 PTI/Economic Times
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However, the leading carrier anticipates its debt to be marginal higher before tapering off.
The airline saw its net profit jump 25 per cent to Rs 87.59 crore in the July-September period.
During an analysts call today, Jet Airways' senior executive Ravichandran Narayan said its net debt stood at Rs 11,171 crore at the end of September. "We are absolutely current (on time) in servicing our (debt) obligations. From the level that we are in September, there is going to be marginal increase... then you get to see a tapering effect (debt coming down) as the business improves," he said.
29/10/15 PTI/Economic Times
