Jet Airways returns first quarter bottom line to profit
Jet Airways has budgeted for a positive second quarter, with trends for domestic operations “strong” though reflecting seasonality and international seat factors “very strong”. This outlook comes as the airline improved profitability at the EBITDAR level in the three months ended 30-Jun-2010, the first fiscal quarter for 2010/11. Jet also returned its after tax result to a profit, compared to a sizeable loss in the same period last year.
