Higher traffic and cheap fuel help Jet fly into record profit

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 The Naresh Goyal-run Jet Airways on Saturday reported a record stand-alone quarterly profit of Rs 467 crore for the three months ended December, driven by 15 per cent domestic traffic growth and lower fuel costs.  The profit reflects a multi-fold growth from Rs 63 crore reported in the year-ago period. This is the third consecutive profitable quarter for Jet Airways, which is the country’s second-largest carrier by market share. Chairman Naresh Goyal said that had it not been for the forex losses, net profit would have been higher at Rs 515 crore.   

Daily Pioneer
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