Jet turns corner with Rs 85 cr profit
Related
Top Stories
- Rs 20L seized from Ajit Chandila relative's home, another ex-cricketer held
- India and China ask SRs to work on more border steps
- Can't charge man with rape over consensual sex even if marriage eludes: Supreme Court
- Saudi Arabian authorities refuse to accept new Indian passports
- FIR filed against Facebook for not discontinuing hate page
In a better-than-expected performance in the third quarter, Jet Airways today reported a net profit of Rs 85 crore for the quarter ending December 2012 primarily because of a decline in their costs coupled with increase in passenger yields during the quarter.
During the period total cost of the airline fell by around 8 per cent when the input costs for aviation has grown in double digits.
In the same period last year, the Naresh Goyal-owned company had reported a net loss of Rs 101.22 crore. It had also incurred a loss of around Rs 100 crore in the second quarter. With profit in the third quarter, Jet Airways has become a profitable airline in the first three quarters of the current fiscal.
The airline had also earned a profit of around Rs 25 crore in the first quarter of this fiscal.
SC annuls Orissa HC order on iron ore licence to Posco
Karnataka elections over, diesel prices up by 90 paise
Inflation-linked bonds to debut soon
Kelkar panel on natural gas pricing likely to endorse Rangarajan formulaEditors’ Pick
- Former Ranji player among 3 more held
- Rajasthan Royals to file FIR against tainted trio
- If found guilty, BCCI to ask ICC to erase Sreesanth records
- Top cops among 42 named in death of blast accused
- Manmohan-Li talks: PM takes tough line on incursion issue
- Security forces blame Maoists, villagers say CoBRA man was killed in 'friendly fire'
- Travellers’ nightmare: Yellow fever vaccine stocks run out, production unit awaits repair
