Jet Airways reports losses in 1QYF2014

Jet Airways revenue down 12% - financial highlights for three months ended 30-Jun-2013:

• Total revenue: INR40,644 million (USD729.3 million), -12.3% year-on-year;
• Total cost: INR43,517 million (USD780.8 million), -5.7%;
• • Fuel: INR15,434 million, -21.6%;
  • Labour: INR4488 million (USD80.5 million), +11.7%;
• Profit (loss) before tax: (INR3554 million) (USD63.8 million), compared to a profit of INR333 million (USD6.0 million) in p-c-p;
• Profit after tax: INR3554 million (USD63.8 million), compared to a profit of INR247 million (USD4.4 million) in p-c-p;
• Passenger numbers: 4.1 million, -15.1%;
• Passenger load factor: 78.4%, -4.3 ppts;
• Breakeven seat factor: 85.2%, +3.0 ppts;
• Breakeven seat factor excl fuel: 48.5%, +9.9 ppts;
• Fleet: 97 aircraft, -5.8%;
• Average head count: 12,013, -5.6%;
• Yield: INR4.60 (USD 8.3 cents) , +4.8%;
• Cost per ASK: INR3.92 (USD 7.0 cents), +8.6%;
• Cost per ASK excl fuel: INR2.23 (USD4.0 cents), +31.2%;
• Total assets: INR197,431 million (USD3542 million);
• Total liabilities: INR205,672 million (USD3690 million). [more - original PR]