Jet Airways announced its financial results for the fourth quarter ended March 2016 on Thursday after market hours. The aviation major reported net profit of Rs 397.16 crore in the quarter under review against net loss of Rs 1,728.99 crore in the corresponding quarter a year ago.
During Jan-March period, total income from operations of Jet Airways jumped 3.57 per cent year-on-year to Rs 5,245.28 crore from Rs 5064.52 crore a year ago.
Total expenditure of the company slid 13.35 per cent yoy to Rs 4,848.14 crore.
In the comparable period, the same stood at Rs 5,595.64 crore.
According to Jet Airways, aircraft fuel expenses in the latest quarter fell to Rs 999.07 crore from Rs 1,334.47 crore in the same period a year ago.
“Overall code share traffic for the fourth quarter of FY16 grew 21 per cent to 570,000 passengers… Code share traffic with strategic alliance partner Etihad Airways over its Abu Dhabi hub and with its partner airlines grew 45 per cent in Q4 of FY16,” the release said.
