Mumbai: Jet Airways today posted a net profit of Rs 3.52 crore for the first quarter of this financial year, compared to a loss of Rs 225.33 crore in the year-ago period.
The country’s largest airline in terms of market share attributed the performance to improvement in global business and leisure travel, improved On Time Performance and strategic marketing initiatives implemented during the previous quarters.
This is the third successive quarter that the airline has been in the black, having posted a net profit of Rs 100 crore in the third quarter and Rs 58.6 crore in the fourth quarter of the previous financial year.
Jet Airways and JetLite, its fully-owned subsidiary, together have a market share of 26.5 per cent, according to figures released by the Directorate General of Civil Aviation (DGCA).
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