Jet Airways reports turnaround with USD35m profit in 1QFY2016

Jet Airways revenue up 14% - financial highlights for three months ended 30-Jun-2015:

• Total revenue: INR53,794 million (USD848.6 million), +13.5% year-on-year;
• Operating revenue: INR52,201 million (USD823.5 million), +11.4%;
• Total costs: INR52,856 million (USD833.9 million), +5.8%;
• • Fuel: INR14,447 million (USD227.9 million), -20.0%;
• Profit after tax: INR2217 million (USD35.0 million), compared to a loss of INR2177 million (USD34.3 million) in p-c-p;
• Passenger numbers: 5.7 million, +26.1%;
• Passenger load factor: 82.5%, +2.1 ppts;
• Average fare per passenger: INR7854 (USD123.9), -10.6%. [more - original PR] [more - Press Conference]

*Based on the average conversion rate at USD1 = INR63.3878