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Principale » Jet Airways Q2 net plunges 91% to Rs 46 crore

Jet Airways Q2 net plunges 91% to Rs 46 crore

07 Décembre 2017

India's second biggest airline by domestic market share posted a net profit of Rs 46.01 crore compared to Rs 517 crore a year earlier.

Jet Airways Thursday said its standalone net profit for the quarter to September fell 91% as it didn't make any gains on sale and leaseback of planes and failed to keep a check on some cost heads.

Later, in a release, the airline said the group reported a net profit of Rs 71 crore for the second quarter of this fiscal.

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"In line with our commitment to offer guests a superior experience, we continue to grow our domestic presence while keeping a tight control on costs, reflecting in the reduction in non-fuel CASK".

Jet also derived significant operational and business advantages via synergies with its strategic partner, Etihad Airways, as well as other codeshare partnerships, Dube said.

The other income declined 59 per cent to Rs 131.57 crore in the reporting quarter from Rs 319.58 crore a year-ago period, according to the filing.