27-May-2016 9:05 AM
Jet Airways Group returns to profitability one yr ahead of target, highest annual profit in FY2016
Jet Airways Group revenue up 1% - financial highlights:
- Three months ended 31-Mar-2016:
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- Total revenue: INR56,865 million (USD843.0 million), +1.3% year-on-year;
- Total costs: INR52,654 million (USD780.6 million), -8.5%;
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- Fuel: INR10,719 million (USD158.9 million), -26.7%;
- Labour: INR7027 million (USD104.2 million), +6.3%;
- Profit before tax: INR4211 million (USD62.4 million), compared to a loss of INR1427 million (USD22.9 million) in p-c-p;
- Net profit: INR4255 million (USD63.1 million), compared to a loss of INR18,033 million (USD289.7 million) in p-c-p;
- Passenger numbers: 6.7 million, +3.1%;
- Passenger load factor: 83.3%, -4.5 ppts;
- Revenue per ASK: INR4.34 (USD 6.4 cents), -6.7%;
- Cost per ASK: INR4.16 (USD 6.2 cents), -16.1%;
- Cost per ASK excl fuel: INR3.32 (USD 4.9 cents), -10.3%;
- 12 months ended 31-Mar-2016:
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- Total revenue: INR229,061 million (USD3504 million), +5.7%;
- Total costs: INR217,320 million (USD3325 million), -3.2%;
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- Fuel: INR54,034 million (USD826.6 million), -26.6%;
- Labour: INR25,323 million (USD387.4 million), +8.9%;
- Profit before tax: INR11,741 million (USD179.6 million), compared to a loss of INR7800 million (USD127.7 million) in p-c-p;
- Net profit: INR12,117 million (USD185.4 million), compared to a loss of INR20974 million (USD343.3 million) in p-c-p;
- Passenger numbers: 25.8 million, +14.8%;
- Revenue per ASK: INR4.43 (USD 6.8 cents), -5.3%;
- Cost per ASK: INR4.34 (USD 6.6 cents), -13.4%;
- Cost per ASK excl fuel: INR3.26 (USD 5.0 cents), -3.3%. [more - original PR]
*Based on the average conversion rate at INR1 = USD0.014825 for three months ended 31-Mar-2016
*Based on the average conversion rate at INR1 = USD0.016065 for three months ended 31-Mar-2015
*Based on the average conversion rate at INR1 = USD0.015298 for 12 months ended 31-Mar-2016
*Based on the average conversion rate at INR1 = USD0.016369 for 12 months ended 31-Mar-2015