Jet Airways (India) Ltd.

NSE: JETAIRWAYS | BSE: 532617 | ISIN: INE802G01018 | Industry: Airlines
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Jet Airways (India) Ltd.
16 Feb 2018, 12:00AM
ICICI Securities Limited
Jet Airway's operating revenues grew 10.2% YoY to | 6412 crore, led by growth in passenger traffic (up 13.4% YoY to 7.7 mn) whereas yield per passenger declined 1.5% YoY to | 7195. Other nonoperating income was down 63.5% YoY to | 211 crore as last year other income included profit of | 327 crore on sale and lease back transactions. As a result, total consolidated revenue grew 3.5% YoY | 6623 crore (vs. I-direct estimate: | 6584.5 crore) Despite a rise in fuel costs (up 27.1% YoY, 20.3% QoQ), total operating costs were up 6% YoY, QoQ due to lower employee costs,...
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