Jet Airways posts Rs 221.70 crore net profit in Q1

Jet Airways on Friday declared it's profit of Rs. 226.4 crore in Q1 of Financial year 2016 compared to loss of Rs 258 crores in Financial Year 2015.

Jet Airways on Friday declared it's profit of Rs. 226.4 crore in Q1 of Financial year 2016 compared to loss of INR 258 crores in Financial Year 2015. The passengers carried by the airline increased by 21.3% to 6.29 million passengers in Q1 financial year 2016.

The airline that operates 50 domestic points and 4000 points worldwide has seen a 14% increase in connectivity in Mumbai. The airline saw over 85% increase with 1.4 million passenger traffic compared to last year. As an equity partner, the airlines (both) operate 700 aircrafts.

Jet Airways operates 481 flights per day and 138 international flights every day. Jet as an airline has commenced it's service to destinations like Pune, Lucknow, Ahmedabad, Imphal. By the end of the current year, 2015, the Jey Airways aims to introduce 116 larger aircrafts.

Jet has also seen 35% additional traffic in Mumbai.

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