Jet Airways (India) has dipped 3.4% to Rs 543 after reporting a higher net loss at Rs 496 crore for the quarter ended March 31, 2013 (Q4) due to higher fuel prices, weak rupee against US dollar and other exceptional items. The company had a loss of Rs 298 crore in a year ago quarter.
The company’s income from operations almost unchanged at Rs 3,922 crore, compared with Rs 3,842 crore a year earlier. Total cost rose nearly 11% to Rs 4,606 crore from Rs 4,165 crore during the recently concluded quarter.
The airline, which has a fleet of 115 aircraft, grounded some of its planes on local routes in the past quarter due to lower passenger traffic in a weak economy.
The impact of aircraft on ground for the quarter was Rs 90 crore. The results was also includes onetime exceptional items amounting of Rs 310 crore due to maintenance events, payroll arrears and loss on exchange fluctuation, Jet Airways said in a statement.
The stock opened at Rs 555 and hit a low of Rs 537 on NSE. A combined around 300,000 shares have changed hands on the counter so far on BSE and NSE.
The company’s income from operations almost unchanged at Rs 3,922 crore, compared with Rs 3,842 crore a year earlier. Total cost rose nearly 11% to Rs 4,606 crore from Rs 4,165 crore during the recently concluded quarter.
The airline, which has a fleet of 115 aircraft, grounded some of its planes on local routes in the past quarter due to lower passenger traffic in a weak economy.
The impact of aircraft on ground for the quarter was Rs 90 crore. The results was also includes onetime exceptional items amounting of Rs 310 crore due to maintenance events, payroll arrears and loss on exchange fluctuation, Jet Airways said in a statement.
The stock opened at Rs 555 and hit a low of Rs 537 on NSE. A combined around 300,000 shares have changed hands on the counter so far on BSE and NSE.
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