Jet Airways net loss reduces to Rs 217.6 crore

Jet Airways reported a standalone net loss of Rs 217.65 crore for the quarter to June, down 39 per cent from the year-ago period.

Revenue rose 17 per cent to Rs 4,685.64 crore in the reporting period, while total passenger revenue rose 11.1 per cent to Rs 4,262.6 crore, the airline said in a statement.

Codeshare pushed overall traffic by 157 per cent to 1,18,253 during the reporting period primarily driven by the strength of Etihad Airways' alliance. International operating results improved 86 per cent, and is profitable. The seat factor rose 2.3 percentage points to 80.2 per cent, pushing up its yield 1.8 per cent.