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Jet Airways reports bleak first quarter


A change in depreciation policy may have helped India’s largest airline to report a profit in its first quarter (three months to Jun-08), but there is no denying the underlying business has taken a massive hit. Every way one looks at Jet’s result, the figures are ugly – and they reflect a sector in crisis. The rational deployment of capacity must urgently be restored to the Indian market, where airline losses are expected to have reached USD1 billion in the past financial year (of which Jet contributed USD63 million). [1928 words]

Unlock the following content in this report:


  • To launch services on lucrative Dubai sector
  • Capacity cuts on international operations
  • To defer delivery of aircraft
  • To launch operations to Pune
  • Raises minimum domestic base fares and fuel surcharges

Graphs and data:

  • Jet Airways financial highlights: three months ended 30-Jun-08
  • Jet Airways EBITDAR margin: FY1Q08 to FY1Q09
  • Jet Airways revenue breakdown: International vs domestic: FY2Q07 to FY1Q09
  • Jet Airways passenger load factor vs passenger break even load factor: FY2Q07 to FY1Q09
  • Jet Airways yield (per RPK) growth vs unit cost (per ASK): 1Q08 to 1Q09
  • Jet Airways domestic passenger numbers vs passenger number growth: Jan-07 to Jun-08
  • India-Dubai sector capacity share by carrier: Week commencing 04-Aug-08
  • Jet Airways international capacity share by country: Week commencing 04-Aug-08
  • Jet Airways Asian and Middle East destination map: Aug-08
  • Jet Airways fleet plan: 2008-2011
  • Jet Airways current fleet: Aug-08
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