Jet Airways reports USD198m loss in Jun-2018 quarter

    Jet Airways reported (27-Aug-2018) the following financial highlights for three months ended 30-Jun-2018:

    • Total revenue: INR60,669 million (USD906.0 million), +1.9% year-on-year;
    • Total costs: INR73,899 million (USD1104 million), +25.2%;
      • Fuel: INR23,325 million (USD348.3 million), +53.0%;
      • Labour: INR8163 million (USD121.9 million), +12.6%;
      • Aircraft maintenance: INR6746 million (USD100.7 million), +12.0%;
    • Profit (loss) before tax: (INR13,230 million) (USD197.6 million), compared to a profit of INR535 million in p-c-p;
    • Net profit (loss): (INR13,230 million) (USD197.6 million), compared to a profit of INR535 million in p-c-p. [more – original PR]

    *Based on the average conversion rate at INR1 = USD0.014934