Logistics

Jet Airways Q3 net loss at Rs 588 cr

PTI New Delhi | Updated on February 14, 2019 Published on February 14, 2019

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

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

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 engine 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, the filing added.

Published on February 14, 2019
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