My Account Menu

CAPA Login

Register to trial CAPA Membership!

Jet Airways falls deeply into the red in 2QFY2012

14-Nov-2011 12:02 PM

Jet Airways revenue up 8% – financial highlights for three months ended 30-Sep-2011:

  • Total revenue: USD666.4 million, +7.6% year-on-year;
  • Total costs: USD754.2 million, +21.0%;
    • Fuel: USD298.2 million, +50.0%;
    • Labour: USD81.4 million, +26.9%;
  • Profit (loss): before tax: (USD142.7 million), compared to a profit of USD2.5 million in p-c-p;
  • Net profit (loss): (USD142.7 million), compared to a profit of USD2.5 million in p-c-p;
  • Passenger numbers: 3.9 million, +12.6%;
  • Passenger load factor: 77.8%, +0.4 ppt;
  • Breakeven seat factor: 91.0%, +12.9 ppts;
  • Breakeven seat factor excl fuel: 46.5%, +1.9 ppt;
  • Yield: USD 7.26 cents, +3.6%;
  • Cost per ASK: USD 6.62 cents, +20.8%;
  • Cost per ASK excl fuel: USD 3.38 cents, +7.8%. [more – original PR]

*Based on the conversion rate at USD1 = INR50

Jet Airways: “The traffic in [the] Indian domestic market continues to grow in double digits. This along with the succeeding peak season will help airlines to improve yields from hereon. Our international operations continue to achieve seat factor of around 80%. We expect yields to improve further on account of the peak season. Our business and first class seat factors are holding and we should see further improvement going forward in 3Q.” Company statement. Source: Jet Airways, 11-Nov-2011.