Private air-carrier, Jet Airways has posted a net loss of Rs 253.06 crore in FY''08 as against a profit of Rs 28 crore in the year-ago period, primarily on account of high fuel and aviation turbine fuel prices. On a consolidated basis, its loss stood at Rs 653.87 crore for the period.
Jet also posted its biggest loss for any quarter in the last three years in Q4 FY 08 at Rs 221 crore as against a profit of Rs 88 crore in the year-ago period. However, it has registered a 28.1 per cent growth in its revenue, which stood at Rs 9,481.5 crore in FY''08 as against Rs 7,401.31 crore in the year-ago period.Its revenue during the same quarter was up by the 37.1 per cent, which stood at Rs 2,727 crore as against Rs 1,989.03 crore in the year-ago period. Jet has attributed the losses primarily to the unprecedented rise in crude and jet fuel prices, which have almost doubled in the last one year.Fuel costs were higher by Rs 128.4 crore in comparison to the same period a year ago.
Jet also posted its biggest loss for any quarter in the last three years in Q4 FY 08 at Rs 221 crore as against a profit of Rs 88 crore in the year-ago period. However, it has registered a 28.1 per cent growth in its revenue, which stood at Rs 9,481.5 crore in FY''08 as against Rs 7,401.31 crore in the year-ago period.Its revenue during the same quarter was up by the 37.1 per cent, which stood at Rs 2,727 crore as against Rs 1,989.03 crore in the year-ago period. Jet has attributed the losses primarily to the unprecedented rise in crude and jet fuel prices, which have almost doubled in the last one year.Fuel costs were higher by Rs 128.4 crore in comparison to the same period a year ago.
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