Led by a spurt in the domestic air traffic and massive cost cutting, Jet Airways returned to profits in the December quarter with a Rs 105.80-crore net profit against Rs 214.18-crore loss in the year-ago period.
The Naresh Goyal-promoted airline, however, registered a 4.5 per cent fall in its total income at Rs 2,885.59 crore during the reporting quarter, compared to Rs 3,022.83 crore in the same quarter last fiscal.
The seat factor (flight occupancy) jumped to 80 per cent in the reporting quarter significantly up from 66.2 per cent in the year-ago period. The airline carried 3.41 million passengers during the period.
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The airline brought down its employee cost to Rs 289.76 in the latest quarter, compared to Rs 364.87 crore in the corresponding period last fiscal. The fuel expenses also came down to Rs 887.86 crore from Rs 1,094.03 crore.
The airline earned Rs 106.43 crore from aircraft leasing.
It currently has four Boeing 777s leased to the Turkish Airlines.
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The quarter saw 56 per cent of the revenues coming from international operations while the rest from the domestic service.