Jet Airways Q1 net loss seen at Rs 320 cr

Jet Airways is expected to report net loss of Rs 320 crore in the first quarter FY12 against net loss of Rs 124 crore in previous quarter and Rs 35 crore in the year ago period.

Revenues are seen going up 25% to Rs 4,034 crore from Rs 3,232 crore quarter-on-quarter and up 17% from Rs 3,439 crore year-on-year.

EBITDAR is expected to be at 10% versus 19% quarter-on-quarter. 

What to watch out for :

* Jet airways is expected to report another big net loss driven by the sustenance of high crude prices (Brent around USD 120 a barrel) over the entire quarter.

* Range of losses among analysts varying between net loss of Rs 100 crore to net loss of Rs 400 crore

* Load factors for domestic and international operations are expected to be strong at 74% and 79%.

* During the quarter, ATF prices up 45% YoY but Passenger yields have not increased proportionately and recovery of high fuel costs via surcharges has been only partial.

* Need to get clarity on Jet airways plans to conclude BKC property development deal - that will be next trigger for the stock