Jet Airways Q2 net falls 91 per cent to Rs 49.36 crore

On Thursday shares of Jet Airways Ltd rose 2.04% to Rs696.75 on the BSE while the benchmark Sensex surged 1.08% to end the day 32,949.21 points

India's second biggest airline by domestic market share posted a net profit of Rs 46.01 crore compared to Rs 517 crore a year earlier.

Shares of Jet Airways on Friday slumped more than 4 per cent in morning trade after the private carrier reported a 91 per cent plunge in standalone net profit for the September quarter.

Income on sale and leaseback of aircraft stood at Rs 190.22 crore in September quarter 2016, the airline said.

Other income, which is generally the non-aeronautical revenue, dropped sharply by 59 percent to Rs 131.57 crore in quarter gone by, from Rs 319.58 crore in the year-ago period, according to the filing. The company also announced the appointment of Kevin Knight on its board, the second nominee from Etihad Airways, thus bolstering the presence of the Abu Dhabi based strategic partner that owns about 25% in Jet.

China exports growth hits 8-month high, imports defy pollution curbs
The 2017 total is set to fall short of the record 4.94 million tonnes of imports in 2016 after a weak first half of the year. In dollar terms, exports advanced 12.3% year-over-year in November, well above the 5.9% rise economists had forecast.

Fuel costs grew 17% to Rs 1525.66 crore, the firm added.

The airline also saw its revenue from codeshare partners increasing by 8 percent over the year-ago quarter while it managed to shave off total debt in the books by Rs 194 crore.

In the same period, India's premier worldwide airline also forged an industry-first partnership with Airbnb - the world's leading community-driven hospitality company allowing it to offer a wide spectrum of rapidly growing, global hospitality choices to guests from India and establishing a deeper connect with the new-age Indian traveller, who is increasingly seeking unique and interesting experiences while travelling in India as overseas.

Related news:

Hot News

isis-killer-beheading-video-story-top US Recognition of Jerusalem as Israeli Capital an 'Appropriate Step': US Ambassador
Dec 08, 2017 - 09:29
Earlier Wednesday, Trump announced his decision despite widespread worldwide opposition to formally recognize Jerusalem as Israel's capital.

isis-killer-beheading-video-story-top First Alert Forecast: Chilly with a few showers
Dec 08, 2017 - 09:21
But some spots will likely have the ground whitened with a dusting to a slushy inch of snow, again, mainly on elevated surfaces. A cold rain mixed with sleet pellets is expected during the day on Thursday, with temperatures staying in the 40s all day.

isis-killer-beheading-video-story-top Belief in Trump Collusion With Russia Split Along Party Lines
Dec 08, 2017 - 09:17
Eighteen percent believe there were probably no improper contacts, and 17 percent said there definitely were not. Only 12 percent of those who said there was probably or definitely no improper contact held the same view.

isis-killer-beheading-video-story-top Here's What Kim Kardasian's Grandma MJ Thinks of Her Nude Pics
Dec 08, 2017 - 09:12
The 83-year-old seemingly agreed with Kim's remarks and nodded saying, "Definitely you and Kourtney are my two top favourites". Sam took a bit of time to mull the question over: " Taylor Swift - I don't know her too well".

isis-killer-beheading-video-story-top Ex-cop gets 20 years in prison for fatal shooting
Dec 08, 2017 - 09:08
Slager, looking haggard in a gray-and-white prison jumpsuit with his wrists shackled to his waist, gave his own testimony. Defense lawyers worked out a plea agreement to settle all of the charges Slager faced in state and federal court.

isis-killer-beheading-video-story-top OSI Systems, Inc. (OSIS), Valhi, Inc. (VHI)
Dec 08, 2017 - 08:48
Tracking performance over a longer period of time can help paint the bigger picture of what is going on with the company. Narrowing in a bit closer, the 5 month price index is 1.13638, the 3 month is 1.03847, and the 1 month is now 0.97832.

CarMax Inc. (KMX) Analysts See $0.81 EPS
Dec 08, 2017 - 08:47
Oppenheimer reiterated a "hold" rating and set a $80.00 target price on shares of CarMax in a research report on Wednesday. Wedbush maintained CarMax Inc . (NASDAQ:DGICA) earned "Hold" rating by Keefe Bruyette & Woods on Thursday, August 17.

isis-killer-beheading-video-story-top Shinto shrine head, 2 others killed in Tokyo sword attack
Dec 08, 2017 - 08:36
The attacker was the chief priest of the shrine more than a decade ago, but was demoted from the post and succeeded by his sister. The Tomioka Hachimangu shrine, established in 1927, has a close link with sumo and the emperor and empress visited in 2012.

isis-killer-beheading-video-story-top Mining Service Nicehash Hacked, $60 Million in User Funds Stolen
Dec 08, 2017 - 08:34
Many other users responded to the company's maintenance tweet , saying that they had money stolen. NiceHash says it will relaunch itself with improved security "at the earliest opportunity".

isis-killer-beheading-video-story-top Boat carrying pilgrims capsizes off Pakistan, 14 dead
Dec 08, 2017 - 08:23
He said there were almost 100 passengers on board at the time. The death bodies were shifted to Sheikh Zaid Hospital, Sakro. He says a search and rescue operation is underway.

Prologis Inc (NYSE:PLD) Shares Bought by Twin Capital Management Inc
Dec 08, 2017 - 08:16
The company had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. The stock has a market capitalization of $34,530.00, a PE ratio of 23.26, a PEG ratio of 4.24 and a beta of 0.91.

isis-killer-beheading-video-story-top US House ethics panel probing Rep. Blake Farenthold over harassment allegations
Dec 08, 2017 - 08:11
Greene alleged that she was sacked in July 2014 after complaining to Farenthold about being "bullied" by his chief of staff. In his response to Greene's complaint, Farenthold alleged that she was sacked for "poor performance".

isis-killer-beheading-video-story-top Geoffrey Rush sues newspaper over 'spurious' claims
Dec 08, 2017 - 08:10
Rush won the Academy Award for Best Actor for the 1996 film Shine , in which he played celebrated concert pianist David Helfgott. Rush will seek damages from the media giant but will not pursue legal action against the Sydney Theatre Company.

isis-killer-beheading-video-story-top Liberia court says presidential runoff vote can go ahead
Dec 08, 2017 - 07:52
Liberty Party's representative Charles Brumskine, who came third in the first round, had challenged the result. President Ellen Johnson Sirleaf is due to step down on January 18 after completing two five-year mandates.

isis-killer-beheading-video-story-top Sensex falls over 205 points on RBI hawkish stance
Dec 08, 2017 - 07:49
Overnight on Wall Street, the Dow rose 0.29 per cent, the S&P 500 gained 0.29 per cent and the Nasdaq 0.54 per cent. Japan's Nikkei was up 1.22 per cent while Hong Kong's Hang Seng rose 0.57 per cent in early trade today.