26-Jul-2010 12:30 PM

Jet Airways revenue up 23%, EBITDAR surge 42% in 1QFY2011

Jet Airways revenue up 23% - consolidated financial/traffic highlights for the three months ended 30-Jun-2010:

  • Revenue: USD750.2 million, +23% year-on-year;
    • Jet Airways: USD648.2 million, +24.5%;
    • JetLite: USD102.0 million, n/a;
  • EBITDAR: USD150.8 million, +41.7%;
    • Jet Airways: 129.6 million, +44.6%;
    • JetLite: USD21.2 million, +26.3%;
  • Profit after tax: USD1.8 million, compared to a loss of USD47.8 million in p-c-p;
    • Jet Airways: USD750,429, compared to a loss of USD48.3 million in p-c-p;
    • JetLite: USD1.1 million, +122.7%;
  • Passenger numbers:
    • Jet Airways: 3.6 million, +37%;
  • Seat factor:
  • Domestic market share: 26.2%. [more]

*Based on the conversion rate at USD1 = INR46.64

Jet Airways: “We are seeing a premium revival and this is expected to continue over the next few quarters. From May-2010, we have introduced ‘Konnect Select’ a new premium service in Jet Airways Konnect aircraft. Our international operations have yet again achieved seat factors of over 80% despite launch of our new Johannesburg route in April where start up load and revenues were lower. Over the last few quarters, we are seeing consistent growth in operating margins and expect the same to continue in future,” Company statement. Source: Jet Airways, 23-Jul-2010.

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