Jet Airways' standalone Q2 net profit up 23.43%

Jet Airways on Friday reported an increase of 23.43 per cent in its stand-alone net profit for the second quarter of the current fiscal. 

According to the company's regulatory filing to the BSE, its stand-alone net profit stood at Rs 1,08.11 crore from Rs 87.59 crore in the corresponding period of the last fiscal. 

Jet Group's total revenue for the second quarter increased by 3.2 per cent to Rs 5,682 crore from Rs 5,504 crore in the corresponding period of the previous financial year. 

Passenger revenues for Q2 FY17 rose by 2.2 per cent to Rs 4,785 crore from Rs 4,682 crore, the company said in a statement. 

The statement disclosed that on a consolidated basis the airline's passenger traffic during the quarter under review increased by 6.3 per cent to 6.77 million from 6.37 million in the like period of previous fiscal.   

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