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]