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Jet Airways reverses first-quarter fortunes

With domestic capacity growth "starting to slow down" and revenue from its nascent international operations more than doubling, Jet Airways was able to post a INR309 million ($7.6 million) profit in its first fiscal quarter ended June 30 compared to a INR450 million deficit in the year-ago period.

The Indian carrier's revenue climbed 19.8% year-over-year to INR19.83 billion, helping boost EBITDAR 8.3% to INR2.24 billion. Passengers dipped 4.6% to 2.7 million as RPKs rose 11.8% to 3.29 billion and capacity grew 17.8% to 4.76 billion ASKs. Load factor fell 3.8 points to 69.1%.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.