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20-May-2011 12:11 PM

Jet Airways returns full-year profitability in FY2011

Jet Airways revenue up 14% - financial highlights:

  • Three months ended 31-Mar-2011:
    • Revenue: USD733.1 million, +14.3% year-on-year;
    • Total costs: USD799.9 million, +25.5%;
      • Fuel: USD285.3 million, +51.2%;
      • Labour: USD84.7 million, +23.9%;
    • Profit (loss) before tax: (USD41.7 million), compared with a profit of USD13.1 million in p-c-p;
    • Profit (loss) after tax: (USD27.8 million), compared with a profit of USD13.1 million in p-c-p;
    • Passenger numbers: 3.7 million, +15.1%;
    • Passenger load factor: 77.9%, -0.7 ppt;
    • Breakeven seat factor: 87.6%, +9.8 ppts;
    • Yield: USD 7.98 cents, -1.9%;
    • Cost per ASK: USD 7.00 cents, +10.5%;
    • Cost per ASK excl fuel: USD 3.75 cents, -3.7%;
  • 12 months ended 31-Mar-2011:
    • Revenue: USD2888 million, +21.9%;
    • Total costs: USD2915 million, +17.1%;
      • Fuel: USD973.6 million, +38.6%;
      • Labour: USD299.3 million, +9.4%;
    • Profit before tax: USD10.4 million, compared with a loss of USD104.3 million in p-c-p;
    • Profit after tax: USD2.2 million, compared with a loss of USD104.3 million in p-c-p;
    • Passenger numbers: 14.7 million, +21.8%;
    • Passenger load factor: 78.6%, +1.2 ppt;
    • Breakeven seat factor: 79.9%, -3.0 ppts;
    • Yield: USD 8.12 cents, +2.9%;
    • Cost per ASK: USD 6.49 cents, -0.8%;
    • Cost per ASK excl fuel: USD 3.63 cents, -11.8%.

* Based on the conversion rate USD1 = INR44.85

JetLite revenue down 5% – financial highlights:

  • Three months ended 31-Mar-2011:
    • Revenue: USD98.4 million, -4.5% year-on-year;
    • Total costs: USD115.2 million, +29.9%;
      • Fuel: USD54.3 million, +66.5%;
      • Labour: USD9.3 million, +10.5%;
    • Profit (loss) before tax: (USD16.8 million), compared with a profit of USD39.3 million in p-c-p;
    • Profit (loss) after tax: (USD16.9 million), compared with a profit of USD37.1 million in p-c-p;
    • Passenger numbers: 1.2 million, +28.6%;
    • Passenger load factor: 77.1%, +1.2 ppt;
    • Breakeven seat factor: 91.6%, +26.9 ppts;
    • Yield: USD 7.40 cents, -17.7%;
    • Cost per ASK: USD 6.78 cents, +16.5%;
    • Cost per ASK excl fuel: USD 3.14 cents, -0.7%;
  • 12 months ended 31-Mar-2011:
    • Revenue: USD398.3 million, +10.3%;
    • Total costs: USD422.1 million, +13.0%;
      • Fuel: USD178.5 million, +32.0%;
      • Labour: USD37.5 million, +11.9%;
    • Profit (loss) before tax: (USD23.9 million), compared with a profit of USD12.6 million in p-c-p;
    • Profit (loss) after tax: (USD24.0 million), compared with a profit of USD10.3 million in p-c-p;
    • Passenger numbers: 4.3 million, +20.1%;
    • Passenger load factor: 79.2%, +4.2 ppts;
    • Breakeven seat factor: 84.2%, -4.0 ppts;
    • Yield: USD 8.25 cents, +4.1%;
    • Cost per ASK: USD 6.93 cents, +9.2%;
    • Cost per ASK excl fuel: USD 3.68 cents, -1.3%. [more]

* Based on the conversion rate USD1 = INR44.85

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