Jet Airways losses narrows in 2QFY2013

Jet Airways revenue up 26% - financial highlights for three months ended 30-Sep-2012:

• Total revenue: INR41,905 million (USD761.5 million), +25.8% year-on-year;
• Total costs: INR42,888 million (USD779.3 million), +13.7%;
  • Fuel: INR16,814 million (USD305.5 million), +12.8%;
  • Labour: INR3884 million (USD70.6 million), -4.5%;
• Profit (loss) before tax: (INR1083 million) (USD19.7 million), compared to a loss of INR7136 million (USD129.7 million) in p-c-p;
• Profit (loss) after tax: (INR997 million) (USD18.1 million), compared to a loss of INR7136 million (USD129.7 million) in p-c-p;
• Passenger numbers: 3.7 million, -5.1%;
• Passenger load factor: 75.0%, -2.8 ppts;
• Breakeven load factor: 77.3%, -13.6 ppts;
• Yield: INR 4.72 (USD 8.58 cents), +29.9%;
• Revenue per ASK: INR3.54 (USD 6.43 cents), +25.3%;
• Cost per ASK: INR3.64 (USD6.61 cents), +10.5%;
• Cost per ASK excl fuel: INR1.79 (USD3.25 cents), +6.6%;
• Market share:
• Domestic: 18.8%, +0.8 ppt;
• Total assets: INR203,571 million (USD3699 million), -3.2% when compared to period ended 31-Mar-2012;
• Total liabilities: INR193,169 million (USD3510 million), -1.9% when compared to period ended 31-Mar-2012. [more - original PR]

*Based on the average conversion rate at USD1 = INR55.0307 for the period