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Aug 14, 2015

Jet Airways Posts Rs. 226.4 Crores Profit in Q1 Of FY16

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Jet Airways
Jet Airways Group today announced a Q1 profit and significantly improved performance for the quarter ending June 30, 2015 providing further evidence of the growing momentum of its three-year turnaround programme. Naresh Goyal, Chairman of Jet Airways said: "Our performance in the first quarter of this financial year demonstrates once again that the measures we are taking to bring the business back to profitability are having the desired result. The airline’s total revenue (combined) for the first quarter FY16 increased by 11% to INR 5,658 crores from INR 5,097 crores. Passenger revenues for Q1 FY16 rose by 10.4 % to INR 4,707 crores from INR 4,262 crores. The combined passenger load factor in Q1 of FY16 increased by 2.2 percentage points to 82.4%, compared to 80.2% in Q1 of FY15. This improvement is largely attributable to the optimized network which ensures tighter domestic and international network integration.


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