An uphill climb ahead for Jet Airways

A lean September quarter, coupled with rising crude oil prices, can dent margins

The Jet Airways stock fell over a per cent on muted near-term outlook as well as a disappointing margin in the June quarter. Its consolidated net sales were up 9.5 per cent at Rs 5,951 crore. It was broadly in line with analysts' estimates, led by an 8.1 per cent growth in passenger traffic, while the rest was accounted for by a higher yield. Demand weakness in international business (Middle East) limited revenue growth. 

Average fare per passenger was up 3.4 per cent to Rs 7,233. Higher costs, both on account of fuel and maintenance cost, dented the earnings before interest,