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9-Aug-2013 11:07 AM

JetLite reports sharp profit declines in 1QFY2014

JetLite revenue down 17% – financial highlights for three months ended 30-Jun-2013:

  • Total revenue: INR4661 million (USD83.6 million), -17.2% year-on-year;
  • Total costs: INR4797 million (USD79.0 million), -15.3%;
    • Fuel: INR2220 million (USD39.8 million), -21.5%;
    • Labour: INR513 million (USD9.2 million), +22.4%;
  • Profit before tax: INR69 million (USD1.2 million), -41.0%;
  • Profit after tax: INR69 million (USD1.2 million), -41.0%;
  • Passenger numbers: 850,000, -21.2%;
  • Passenger load factor: 73.5%, -5.8 ppts;
  • Breakeven load factor: 75.9%, -3.8 ppts;
  • Breakeven load factor excl fuel: INR36.9%, +1.1 ppt;
  • Yield: INR5.48 (USD 9.8 cents), +6.4%;
  • Cost per ASK: INR4.16 (USD 7.5 cents), +1.5%;
  • Cost per ASK excl fuel: INR2.02 (USD 3.6 cents), +9.8%;
  • Total assets: INR7563 million (USD135.7 million);
  • Total liabilities: INR24,630 million (USD441.9 million). [more - original PR]

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