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Tag Archives: FY2015

Jet Airways Q2 FY 2014-2015 results analysis

Jet Airways' Boeing 737-800 VT-JBD

by Ameya Joshi Jet Airways, India’s largest private airline reported its third quarter fiscal year 2014-15 (FY2015) results on February 6, 2015, reporting a wafer thin operating profit after seven consecutive quarters. The airline moved to full service operations in December 2014 and the quarter reflected a mix of full service and low cost operations. Wafer thin profits The airline …

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Analysis: Operational profit eludes Jet Airways in Q2 FY2015, outlook positive

Jet Airways' Boeing 737-800 VT-JBD

Jet Airways, India’s largest private airline recently announced results for the second quarter (Q2) and the half-year (1H) for fiscal 2014~2015. The results were the first after a joint announcement with 24% stake holder Etihad Airways PJSC about the airline ceasing operations of its low cost JetKonnect brand exiting the segment. The Jet Group operates two airline operator licenses. 9W …

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Spicejet pre-tax loss narrows to Rs 124 crore in Q1 FY2015. Company says due to restructuring.

SpiceJet Boeing 737-800WL VT-SZK in special crew livery. With all our heart slogan. Photo courtesy Spicejet.

Embattled low fare carrier SpiceJet, reported a loss before tax of Rs 124.10 crore (approx. $20.8 million) for the first quarter of fiscal 2014~2015, ended June. This compared to the profit of Rs 50.56 crore in the same quarter a year earlier. Total income from operations fell to Rs 1,691.04 crore down from Rs 1,701.54 crore in the same quarter …

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Jet Airways trims losses 39% ups revenue 17% on Etihad lifeline; to discontinue JetKonnect

India’s largest private airline, Jet Airways, trimmed its losses by almost 39% to Rs.217 crore (approx. US$ 36.17 million at an exchange rate of Rs.60=$1), in the first quarter of fiscal 2014~2015 which ended on June 30, 2014, when compared to the same period a year ago. Much of this performance increase is due to the financial and operational lifeline …

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Global aviation leaders call India’s service tax on aircraft leasing, regressive

Global aviation leaders at the Farnborough international air show 2014 termed India’s decision to levy service tax of 12.36% on aircraft lease charges as a regressive step which will only hurt India’s already over-taxed airlines. As per a report in The Mint, the maiden Union budget of the Narendra Modi led NDA government proposes to levy the service tax effective …

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