BREAKING: Jet Airways posts 713.6 crore loss in Q2 of FY 11-12

Mumbai based full service carrier Jet Airways has posted a Rs. 713.6 crore loss in the second quarter of FY 2011-2012, up from a loss of Rs. 156.8 crore in the first quarter. The carrier made a profit of 12.43 crores in the same period last year.

Here are some of the key metrics for Jet Airways' second quarter

• Revenue increased 7.4% to Rs. 3293.5 crore
• Absolute fuel costs were up 50% on 8.7% capacity growth
• Carried 12.6% more passengers
  
• 0.5% decrease in passenger yield to Rs 7178
• Net loss of 713.6 crores, down from a profit of Rs. 12.43 crore in the previous year
• 16.7% growth in number of departures
• Interest expenses declined 14.5% to 214.0 crores
• The carrier posted a one time special loss of Rs. 275.7 crore in the second quarter due to currency fluctuations

We will be doing a full financial analysis over the weekend for full posting next week.