Jet Airways reports loss of Rs. 911 mn (US$ 23.1 mn) for Q3 FY '08 vs aprofit of Rs. 400 mn in Q3 FY '07 on account of historical high fuel pricesand start up losses on international business;Revenues up 28% YoY, International revenues now 37% of total.
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Jet Airways to take some aircraft on lease
Jet Airways reports loss of Rs. 911 mn (US$ 23.1 mn) for Q3 FY '08 vs aprofit of Rs. 400 mn in Q3 FY '07 on account of historical high fuel pricesand start up losses on international business;Revenues up 28% YoY, International revenues now 37% of total.
Like this story, share it with millions of investors on M3
Jet Airways to take some aircraft on lease
Jet Airways reports loss of Rs. 911 mn (US$ 23.1 mn) for Q3 FY '08 vs aprofit of Rs. 400 mn in Q3 FY '07 on account of historical high fuel pricesand start up losses on international business;Revenues up 28% YoY, International revenues now 37% of total.
Jet Airways reports loss of Rs. 911 mn (US$ 23.1 mn) for Q3 FY '08 vs aprofit of Rs. 400 mn in Q3 FY '07 on account of historical high fuel pricesand start up losses on international business;Revenues up 28% YoY, International revenues now 37% of total.
Key takeaways from the Jet AirwaysConcall...
During the quarter, the company inducted 5 additional widebody aircraft to the fleet in addition to the 5 narrow body aircraft that we added to our domestic fleet.
It launched Gulf routes in January 2008 to Kuwait, Bahrain, Muscat and Doha.
The company has decided to take some aircraft on lease.
The Company achieved a domestic seat factor of 72.3% in the quarter ended December 2007 versus 70.1% in the same period a year ago.
Fuel charge covers additional cost due to rise in fuel prices as well as holding up in the air due to the conjetion on airport.
