Jet Airways likely to post net loss of Rs 200 cr in Q4
Jet Airways is to announce its fourth quarter results. The company's Q4 revenues are seen up 16% at Rs 3230 crore versus 2776 crore, year-on-year, YoY.
Jet Airways is to announce its fourth quarter results. The company's Q4 revenues are seen up 16% at Rs 3230 crore versus 2776 crore, year-on-year, YoY.
The company is likely to post net loss of Rs 200 crore versus net profit of Rs 58 crore, YoY.Its OPM are seen down to 11% versus 22.8%, YoY.Q4 (QoQ)Its revenues are seen down 7% at Rs 3230 crore versus Rs 3474 crore, quarter-on-quarter, QoQ.The company is likely to post net loss of Rs 200 crore versus net profit of Rs 118 crore, QoQ.Factors To WatchMay report a net loss driven by sustenance of high oil pricesAvg Jet fuel costs inch up by over 18% QoQ to `55,300/klLoad factors to continue to remain above 70% Jet fuel costs inch up - Unable to pass on this burden fully onto passengers Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
