Jet Airways reported net earnings of INR400 million ($9 million) for the third fiscal quarter ended Dec. 31, 2006, a 34% decline from year-ago profits of INR610 million. The carrier said its third quarter "is traditionally the peak quarter in the company's fiscal year" but that overcapacity on the subcontinent once again was a drag on its bottom line. Domestic load factor dropped 2.4 points to 70.1% as industry capacity soared 40% compared to the year-ago period. "The impact of the recent ...

Subscribe to Access this Entire Article

"Jet Airways profits continue to be burdened by high capacity" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.