Cash strapped-Jet Airways logs net loss of Rs 588 cr in December quarter as fuel cost soars 30%

Struggling carrier Jet Airways on Thursday reported a standalone net loss of Rs 587.77 crore for the third quarter ended 31 December as against net profit of Rs 165.25 crore in the same quarter previous fiscal

Press Trust of India February 14, 2019 18:04:12 IST
Cash strapped-Jet Airways logs net loss of Rs 588 cr in December quarter as fuel cost soars 30%
  • Jet Airways' revenue from operations during the quarter under review stood at Rs 6,147.98 crore as against Rs 6,086.20 crore in the year-ago period

  • Total expenses in the third quarter shot up to Rs 6,786.15 crore as compared to Rs 6,042.58 crore in the same quarter last fiscal

  • Aircraft fuel expenses stood at Rs 2,387.72 crore as compared to Rs 1,840.08 crore in the corresponding period last year

New Delhi: Struggling carrier Jet Airways on Thursday reported a standalone net loss of Rs 587.77 crore for the third quarter ended 31 December.

The company had posted a standalone net profit of Rs 165.25 crore in the same quarter previous fiscal, Jet Airways said in a regulatory filing.

Cash strappedJet Airways logs net loss of Rs 588 cr in December quarter as fuel cost soars 30

Representational image. Reuters

The carrier said revenue from operations during the quarter under review stood at Rs 6,147.98 crore as against Rs 6,086.20 crore in the year-ago period.

Total expenses in the third quarter shot up to Rs 6,786.15 crore as compared to Rs 6,042.58 crore in the same quarter last fiscal, it added.

Aircraft fuel expenses stood at Rs 2,387.72 crore as compared to Rs 1,840.08 crore in the corresponding period last year, while aircraft and engines lease rentals were at Rs 730.35 crore as against Rs 583.67 crore.

Domestic revenue stood at Rs 2,560.44 crore, down from Rs 2,749.05 crore in the same quarter last fiscal, while the same for international operations was also down to Rs 3,587.54 crore as against Rs 3,337.15 crore, the filing added.

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