Jet Airways reports 21% operating profit growth in 3QFY2017

Jet Airways revenue up 1% - financial highlights for three months ended 31-Dec-2016:

• Total operating revenue: INR54,781 million (USD812.1 million), +1.1% year-on-year;
• Total costs: INR54,053 million (USD801.3 million), +0.8%;
• • Fuel: INR14,289 million (USD211.8 million), +9.3%;
  • Labour: INR7003 million (USD103.8 million), -13.9%;
• Operating profit: INR727.5 million (USD10.8 million), +20.5%;
• Net profit: INR1424 million (USD21.1 million), +31.7%;
• Passengers: 6.8 million, +4.1%;
• • Codeshare: 560,000, +7%;
• Cost per ASK excl fuel: INR3.15 (USD 4.67 cents), -1.7%. [more - original PR] [more - original PR - 2]

*Based on the average conversion rate at INR1 = USD0.014824