The second largest airline Jet Airways reported a standalone net loss of Rs 217.65 crore for the quarter to June, down 39 percent from the year-ago period. Revenue rose 17 percent to Rs 4,685.64 crore in the reporting period, while total passenger revenue rose 11.1 percent to Rs 4,262.6 crore, the airline said in a statement to the exchanges. Codeshare pushed overall traffic by 157 percent to 1,18,253 during the reporting period primarily driven by the strength of Etihad Airways' alliance. International operating results improved 86 percent, and is profitable, the Naresh Goyal promoted airline said, adding that the seat factor rose 2.3 percentage points to 80.2 percent, pushing up its yield 1.8 percent.
Read more at: moneycontrol
Read more at: moneycontrol
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