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Jet Airways Q3 net loss widens to Rs 214.18 cr

This article was posted on Jan 16, 2009 and is filed under Stock News

Mumbai: Private sector carrier Jet Airways’ net loss widened today to Rs 214.18 crore for the third quarter ended December 31 from Rs 91.12 crore in the year-ago period.

The Naresh Goyal-led firm told in a filing to the Bombay Stock Exchange that total income rose 24.60 per cent to Rs 3,022.83 crore during the quarter under review, from Rs 2,425.98 crore in the corresponding period a year ago.

“The company during the quarter and nine months ended December 31, 2008 suffered losses mainly on account of high fuel and other operating costs and lower load factors
resulting into lower revenues than expected,” Jet Airways said in a statement.

For the nine months ended December 31, 2008, Jet Airways reported a net loss of Rs 455.33 crore, while it had a net loss of Rs 31.88 crore in the corresponding period a year-ago.

The total income during the nine-month period rose nearly 49 per cent to Rs 9,011.33 crore from Rs 6,051.20 crore in the same period last fiscal.

Shares of Jet Airways closed at Rs 157.05, up 1.26 per cent on the BSE.

source: DnaIndia

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