Jet Airways Q4 revenues up 24% to Rs 4092.7cr

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.