Jet Airways (India) Ltd. share price target and research reports

Name: Latest research reports of Jet Airways (India) Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Jet Airways (India) Ltd.
Rating: 3
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for JETAIRWAYS, BSE:532617 Jet Airways (India) Ltd.

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Jet Airways (India) Ltd.

24 May 2018

Jet Airways

Not Rated: Jet Airways (India) Ltd.

ICICI Securities Limited

Jet Airways reported an operating loss of | 638 crore for the quarter, which remained way below our estimated EBITDA of | 428 crore. The rise in fuel costs (net impact | 366 crore), rupee depreciation (net impact | 156 crore) and one-time maintenance charge of | 253 crore led to total negative impact of | 775 crore on the operating profit Operating revenues increased 8.2% YoY mainly backed by 11.8% YoY increase in passenger traffic (7.9 million) whereas, yield per passenger declined 1.1% YoY to | 6850. Other non-operating income...

Jet Airways (India) Ltd.

16 Feb 2018

Jet Airways

Hold: Jet Airways (India) Ltd.

Target

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,...

Jet Airways (India) Ltd.

08 Dec 2017

Jet Airways

Hold: Jet Airways (India) Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Jet Airways reported weak operating numbers for Q2FY18. The key was that cost pressure continued amid rising competition from other carriers that led to a fall in margins and market share Total revenues were up marginally by 0.4% YoY to | 6128 crore (vs. I-direct estimate: | 6,233crore) led by lower yields that were down 3.3% YoY. Domestic passenger traffic growth (up 8.3% YoY) stayed...

Jet Airways (India) Ltd.

06 Jun 2017

Jet Airways

Hold: Jet Airways (India) Ltd.

Target

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...

Jet Airways (India) Ltd.

09 Feb 2017

Jet Airways

Hold: Jet Airways (India) Ltd.

Recommendation Target

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...

Jet Airways (India) Ltd.

06 Feb 2017

Jet Airways Ltd Q3FY17 results comment

Results Update: Jet Airways (India) Ltd.

HDFC Securities

Revenue grew by 3.49% to Rs. 5092.5 Cr in Q3FY17 when compared to the previous quarter. Also, it rose by 1.36% when compared with Q3FY16.

Jet Airways (India) Ltd.

18 Nov 2016

Jet Airways

Buy: Jet Airways (India) Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Jet Airways reported a mixed set of Q2FY17 numbers. While consolidated revenues of | 5864.5 crore remained above estimates led by healthy fleet utilisation, EBITDA margins of 8.7% were lower than our estimates on account of higher employee costs Total revenues were up 3.2% YoY to | 5864.5 crore (vs. I-direct estimate: | 5,723) led by 6.3% YoY growth in passenger traffic. Passenger traffic growth remained below industry growth mainly due...

Jet Airways (India) Ltd.

17 Aug 2016

Jet Airways

Buy: Jet Airways (India) Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Jet Airways' performance during the quarter remained weak, mainly led by a drop in realisations (down 6.5% YoY), higher employee costs (up 16.4% YoY) & depreciation charge (up 25.4% YoY). This quarter also had an exceptional loss of | 92 crore with respect to forex loss. This, in turn, led to a sharp fall in net profit in the quarter While average domestic fares dropped sharply by 10% YoY led by a rise in competition, international fares declined only 2.5% YoY. Total...

Jet Airways (India) Ltd.

27 May 2016

Jet Airways

Buy: Jet Airways (India) Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Jet Airways' performance during the quarter improved further, aided by lower fuel costs (down 26.7% YoY). Average fare remained lower...

Jet Airways (India) Ltd.

24 Dec 2015

Jet Airways

Buy: Jet Airways (India) Ltd.

ICICI Securities Limited

Is Jet Airways (India) Ltd. worth buying?

262 Votes:

Buy 59.16%

Sell 30.15%

Hold 10.69%