Aviation - India's last Frontier (Jet Airways Q1 2011 report)
Thursday, May 19, 2011
While Jet Airways managed to cover lost ground in utilisation, revenue per seat and even revenue per employee, the first profitable quarter covering up a last year gap of $116 mln (Loss in Q4 FY2010) The company only reported a profit on one time gains of $33.5mln probably from the Bandra kurla land proceeds. Payments to Sahara are netted as it proceeds to unify the brands in the coming year as well as ramp up its maintenance team now stationed at Hyderabad.
the performance is creditable considerable rises in ATF (Aviation fuel) that numbered 10 times this quarter/year. We'll keep updating this space
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