Jet posts last quarter profit, though income dips

Tuesday, 26 May 2009, 17:15 IST
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New Delhi: India's largest private carrier Jet Airways Monday announced a net profit of 52.99 crore for the quarter ending March 31, as compared to a net loss of 221 crore in the corresponding period in 2007-08. The total income of the company, however, decreased to 2,566 crore in the quarter under review, as compared to 2,796 crore posted in the year-ago period, the company said in a regulatory statement. For the financial year 2008-09, Jet Airways posted a net loss of 402.3 crore as compared to net loss of 253.06 crore posted in the previous fiscal, though its total income increased to 11,786 crore from 9,550.96 crore. The group posted a net consolidated loss of 961.41 crore last financial year, as compared to 653.8 crore in 2007-08. Its total consolidated income, however, increased to 13,448.8 crore from 10,990.7 crore the previous financial year.
Source: IANS