Jet Airways (India) Ltd.

NSE: JETAIRWAYS | BSE: 532617 | ISIN: INE802G01018 | Industry: Airlines
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ICICI Securities Limited
Jet Airway's Q4FY17 numbers were below our estimates broadly on account of high ATF prices. The key notable thing was that pressure on yields continued amid rising competition from other carriers. The company reported revenues of | 6026 crore that were lower than our estimates. On the other hand, EBITDA margins dropped sharply YoY on account of higher fuel prices Total revenues were up 6% YoY to | 6026 crore (vs. I-direct estimate: | 6,242.8 crore) led by 5.4% YoY growth in total passenger...
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