Jet Airways Q1 net profit at Rs.3.52 crore

New Delhi, July 23 (IANS) India’s largest airline group by domestic market share, Jet Airways, logged a net profit of Rs.3.52 crore in the first quarter of this fiscal due to higher seat sales and growth in passenger traffic as against a loss of Rs.22.53 crore in the like period of 2009-10.

The private-sector group, which operates premium international and domestic airline Jet Airways, low-fare domestic airline Jet Airways Konnect and budget carrier Jetlite, came out with the consolidated results for the first quarter Friday.

‘This growth has been achieved through integration in operational efficiencies: effective network planning, strategic code shares, distinctive marketing initiatives improved reliability and on time performace,’ said Nikos Kardassis, chief executive, Jet Airways, in a statement.

The total income of the airline company stood at Rs. 2,965.01 crore as compared to Rs.2,398.15 in the corresponding period last year.

While income from operations stood at Rs.2,746.98 crore, the same from other business activities stood at Rs.218.03 crore.

The domestic operations of the airline, where it controls the largest market share of around 26.2 percent,accounted for 44 percent of the total revenues, while 56 percent was contributed by international operations.

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