Mumbai : Jet Airways, the second largest airline reported a standalone net loss of Rs 217.65 crore for the quarter to June, down 39 % from the year-ago period.
Revenue rose 17 % to Rs 4,685.64 crore in the reporting period, while total passenger revenue rose 11.1 % to Rs 4,262.6 crore, the airline said in a statement to the exchanges. Codeshare pushed overall traffic by 157 % to 1,18,253 during the reporting period primarily driven by the strength of Etihad Airways’ alliance. International operating results improved 86 %, and is profitable, the Naresh Goyal -led airline said, adding that the seat factor rose 2.3 percentage points to 80.2 %, pushing up its yield 1.8 %.
The airline termed the numbers as “strongly improved performance” and attributed the same to “the result of the three-year turnaround strategy and the partnership with Etihad started to impact the business positively.”
Total number of revenue passengers who travelled with Jet Airways increased 4.3 % to 5.19 million from 4.98 million.