Jet Airways Group has announced a profit of INR 85 crore for the period ending September 30, 2016 despite a traditionally ‘lean’ quarter and domestic yields being under pressure. The group’s total revenue for the second quarter FY17 increased by 3.2 per cent to INR 5,682 crore from INR 5,504 crore. Passenger revenues for Q2 FY17 rose by 2.2 per cent to INR 4,785 crore from INR 4,682 crore.
Jet Airways continued to grow its capacity, network connectivity and guest experience by deploying its wide-body aircraft on key international and domestic routes during the quarter which is said to have helped it augment capacity to carry 6.77 million passengers. Wide-body B777s were deployed between Mumbai, Dubai and Singapore, enabling the airline to carry a higher number of passengers.
Enhanced synergies with partner carriers and improved operational performance also helped drive traffic and loads. The airline’s presence in both domestic and international sectors and its fleet mix enabled it to manage the cyclical nature of its business successfully.
Naresh Goyal, chairman, Jet Airways, said, “Improvements in operational performance have helped Jet Airways participate in the strong growth being witnessed in the Indian aviation market. Our guests form the core of our business and we continue to evolve to offer them an enhanced experience and additional choices for travel. That includes providing seamless global and domestic connectivity as well as freedom and flexibility to plan their travel via our unique ‘Fare Choices’ initiative. We have also ensured that our fleet deployment and our alliances and codeshare relationships are aligned to enrich the experience of guests.”
James Hogan, vice chairman, Jet Airways, and president and CEO, Etihad Aviation Group, said, “Our continued collaboration has supported ongoing improvement in Jet Airways performance, despite the ongoing pressure on yields. We have made robust progress in our common aim to leverage mutual synergies to enhance the value for our guests and the business. Growth in passenger numbers and aircraft utilisation contributed significantly to our performance during the second quarter, together with maintaining a broadly flat non-fuel cost, despite inflation.”
The quarter also witnessed a growth of 15 per cent in overall codeshare traffic, including a growth of 32 per cent between Etihad Airways and its partner airlines. Jet Airways, together with Etihad Airways now offer more flights to and from India, than any other airline.
