JET AIRWAYS..

bikli said:
hi
i want financial details on jet airways
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The airline generated a USD10.4 million net profit in the fourth quarter to 31-Mar-2009, turning around a USD55.1 million net loss in the previous corresponding period and a USD44 million loss in the third quarter. This was to some extent driven by exceptional items such as income from sub-leasing aircraft, changes to depreciation charges and tax credits. Full year losses reached USD79.3 million in the 12 months ended 31-Mar-2009, following a USD63.1 million loss in the previous corresponding period.

The improved fourth quarter operating result was achieved through an extensive cost cutting programme that included network restructuring, the deferral of aircraft deliveries for the next 1-2 years, rationalisation of personnel costs, restructuring of aircraft leases, debt restructuring, cash conservation/cost savings measures and a focus on alliances. Jet stated the full impact of this restructuring programme would be seen in the coming financial year.

Revenue fell 8.2% in the quarter to USD505.9 million, while EBITDAR margin in the fourth quarter surged 13.1 ppts to 20.8% in the fourth quarter.
 
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