Saturday, May 18th 07:53 PM IST
Jet Airways IMAGE.
CLSA upgraded Jet Airways to buy from sell, and raised its target price to Rs 500 from Rs 290 , citing the airline's strong passenger yield environment, focus on route rationalisation on its international routes and tight cost control.

Given the improved performance in international and cost discipline in domestic (routes), we now expect improved profitability over FY13-14, driving significant upgrades.

[caption id=attachment_408377 align=alignleft width=380

CLSA upgraded Jet Airways to buy from sell, and raised its target price to Rs 500 from Rs 290 , citing the airline's strong passenger yield environment, focus on route rationalisation on its international routes and tight cost control. Given the improved performance in international and cost discipline in domestic (routes), we now expect improved profitability over FY13-14, driving significant upgrades. [caption id=attachment_408377 align=alignleft width=380