Jet Airways (India) Ltd.

NSE: JETAIRWAYS | BSE: 532617 | ISIN: INE802G01018 | Industry: Airlines
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ICICI Securities Limited
Jet Airway's Q3FY17 numbers were broadly in line with our estimates. The key notable thing was pressure on yields continued amid rising competition from other carriers. However, the company managed to report revenue of | 5932.9 crore that was higher than our estimates. On the other hand, EBITDA margins dropped sharply YoY on account of higher employee & fuel costs Total revenues were up 0.9% YoY to | 5932.9 crore (vs. I-direct estimate: | 5,799.3 crore) led by 4.1% YoY growth in the passenger...
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