Jet Airways Q4 revenues up 24% to Rs 4092.7cr

Jet Airways' March quarter loss widened to Rs 298 crore from Rs 124 last year, as a weak rupee further pushed up the fuel bill, and neutralized the 24% growth in revenues.

May 26, 2012 / 11:41 IST

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By Sonia Shenoy, CNBC-TV18

Jet Airways' March quarter loss widened to Rs 298 crore from Rs 124 last year, as a weak rupee further pushed up the fuel bill, and neutralized the 24% growth in revenues

While aviation fuel cost surged 26% to Rs 307.7 crore, YoY, the Rupee also depreciated over 14% to Rs 50.8 against the dollar. The company incurs 60% of its expenses in dollar denomination.

The company said its revenues grew 24% to Rs 4092.7 crore due to improved seat factors of 79%.

Going ahead, a weak rupee and expensive fuel cost remain a cause of concern. This coupled with sluggish economy could impact traffic growth to some extend in the short to medium term as the discretionary spending on travel could get affected.

first published: May 26, 2012 11:36 am

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