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Is the worst behind Jet Airways? Does it need Kingfisher?

5-Feb-2009

Jet Airways appeared to be turning the corner in the third quarter, declaring in mid-Jan-09 that it was on course for a return to break even – or even a small profit – next financial year. The falling price of fuel is the main reason for the improvement in fortunes for the Mumbai-based carrier in the Oct-Dec-08 period, while capacity cuts also helped to stabilise load factors and yields. [1572 words]

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Subheadings:

  • Operating margins hold up in third quarter
  • Seeks codeshare to maintain US West Coast presence
  • Leasing out excess aircraft
  • Passenger numbers ease
  • JetLite trims losses
  • Outlook hazy

Graphs and data:

  • Jet Airways financial highlights: Three months ended 31-Dec-08
  • Jet Airways domestic revenue and international revenue (mill): 1QFY08 to 3QFY09 (financial year ended 31-Mar)
  • Indian domestic fuel rates (INR per litre): Apr-08 to Dec-08
  • Jet Airways passenger load factor and break even load factor (%): 2QFY07 to 3QFY09 (financial year ended 31-Mar)
  • Jet Airways EBITDAR margin (%): 1QFY08 to 3QFY09 (financial year ended 31-Mar)
  • Jet Airways passenger numbers (mill) and passenger number growth (% change year-on-year): 1QFY08 to 3QFY09 (financial year ended 31-Mar)
  • Jet Airways passenger yield growth and unit cost growth (% change year-on-year): 1QFY08 to 3QFY09 (financial year ended 31-Mar)
  • Indian domestic passenger market share (%): 3Q FY09
  • JetLite financial highlights: Three months ended 31-Dec-08
  • JetLite financial performance: 1QFY08 to 3QFY09 (financial year ended 31-Mar)
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