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Jet Airways generates net loss of USD47.0 million


Jet Airways commenced FY2010 already accumulating losses, as revealed in release of its first fiscal quarterly results. The extensive cost reduction programme launched in 2HFY2009 is failing to bear fruit, as the carrier’s unit costs excluding fuel surged 15.0% compared to the previous corresponding period, while yields remained weak. [1200 words]

Unlock the following content in this report:


  • Cost reduction barely cover yield reduction
  • Gap between loads and breakeven seat factor escalates
  • JetLite profitable in first quarter
  • Closes gap between load factor and breakeven seat factor
  • Outlook: Shadows casting over Jet Airways brand distinctions and increasing pressure on yields

Graphs and data:

  • Jet Airways financial highlights for three months ended 30-Jun-09
  • Jet Airways EBITDAR margin (%): 2Q2008 to 1Q2010
  • Indian domestic fuel rates (INR per litre): Jun-2008 to Jun-2009
  • Jet Airways passenger yield growth and unit cost growth (% change year-on-year): 2Q2008 to 1Q2010
  • Jet Airways revenue per RPKM and cost per ASKM in INR: 2Q2008 to 1Q2010
  • Jet Airways passenger load factor and break even seat factor (%): 2Q2007 to 1Q2010
  • Jet Airways passenger numbers and passenger numbers growth (% change year-on-year): 1Q2008 to 1Q2010
  • JetLite financial highlights for three months ended 30-Jun-09
  • JetLite unit revenue/cost and passenger load factor: 2Q2008 to 1Q2010
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