Company Watch - Jet Airways (India).For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 7, 2006 Jet Airways Jet Airways (India) Ltd. is an airline based in Mumbai, India, operating domestic and international services. It operates over 330 daily flights to 50 destinations across the country and 6 overseas. earned INR INR In currencies, this is the abbreviation for the Indian Rupee. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 118 million on its domestic services and lost INR713 million on flights to London Heathrow, Kathmandu, Colombo, Kuala Lumpur Kuala Lumpur (kwä`lə l  m`pr), city (1990 est. pop. and Singapore, most of which launched around the same time last
year. It said the four Asian routes were profitable, but the operation
as a whole was a loser (jargon) loser - An unexpectedly bad situation, program, programmer, or person. Someone who habitually loses. (Even winners can lose occasionally). Someone who knows not and knows not that he knows not. on seasonal issues and significantly increased
capacity by competitors. It said it will address the problem
"through a combination of passenger and cargo sales initiatives and
network partnerships with other established airlines." Aug 1, 2006
Jet Airways revenues rose 25% to INR16.8 billion. The carrier flew 2.94 billion RPKs during the quarter, an increase of 39%, against a 44% rise in capacity to 4.04 billion ASKs. Load factor dropped 2.3 points to 72.9%, but its domestic load factor of 75% "remains above the industry average." Still, Jet said, "We are witnessing an unprecedented increase in domestic capacity, even as all airlines contend with declining yields, higher input costs and infrastructure constraints." It estimated that India's first-quarter domestic capacity rose 48% year-over-year. Domestic yield was relatively high compared to its competitors but still fell 9%, the airline said. It made up some of the difference with a May 1 fuel surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. worth INR444 million. An additional INR200 surcharge was put in place on July 7. Aug 1, 2006 Losses on international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. hit Jet Airways hard. Heavy losses on its startup international operations dragged Jet Airways to a INR450 million ($9.7 million) loss in the first fiscal quarter ended June 30 from a INR953 million profit in the year-ago period.And the carrier issued a warning on the domestic front as well, saying that it has concern for the industry "in view of irrational ir·ra·tion·al adj. Not rational; marked by a lack of accord with reason or sound judgment. irrational adjective Unreasonable, illogical pricing by airlines simply seeking to gain market share." Aug 1, 2006 |
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