JetLite loss widens in 1QFY2015

JetLite revenue down 23% - financial highlights for three months ended 30-Jun-2014:

• Total revenue: INR3574 million (USD59.8 million), -23.3% year-on-year;
• Total costs: INR3874 million (USD64.8 million), -19.2%;
• • Fuel: INR1921 million (USD32.2 million), -13.5%;
  • Aircraft lease rentals: INR548 million (USD9.2 million), -20.1%;
• Profit (loss) before tax: (INR404 million) (USD6.8 million), compared to a profit of INR69 million (USD1.2 million) in p-c-p;
• Passenger numbers: 710,000, -16.8%;
• Passenger load factor: 77.2%, +3.7 ppts;
• Breakeven seat factor: 84.4%, +8.5 ppts;
• Passenger yield: INR5.43 (USD 9.1 cents), -0.9%;
• Revenue per ASK: INR4.20 (USD 7.0 cents), +4.2%;
• Cost per ASK: INR4.59 (USD 7.7 cents), +10.3%;
• Cost per ASK excl fuel: INR2.08 (USD 3.5 cents), +2.8%. [more - original PR]

*Based on the average conversion rate at USD1 = INR59.7388