Jet Airways gains on plans to increase fuel surcharge

Jet Airways (India) Ltd. | Airlines | Travel & Hospitality | BSE: 532617 | NSE: JETAIRWAYS

05 Sep 2012 Evaluate

Jet Airways is currently trading at Rs. 339.90, up by 2.10 points or 0.62% from its previous closing of Rs. 337.80 on the BSE.

The scrip opened at Rs. 335.05 and has touched a high and low of Rs. 342.95 and Rs. 335.05 respectively. So far 102258 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 411.35 on 04-Jul-2012 and a 52 week low of Rs. 167.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 360.15 and Rs. 332.10 respectively. The current market cap of the company is Rs. 2943.56 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 14.27% and 5.72% respectively.

Jet Airways, India’s premier international airline, is to increase fuel surcharge by Rs 150 on all flights less than 1,000 km, while for longer distance flights, passengers have to pay Rs 250 more as fuel surcharge. This levy will be imposed on all domestic flights operated by Jet Airways and JetKonnect, its low-cost arm.

The company took this decision due to recent 7.6% increase in the sale price of aviation turbine fuel. On most international flights out of India, a one-way fuel surcharge of $15 will be levied.

The company has reported a net profit of Rs 24.70 crore for first quarter ended June 30, 2012 as compared to a net loss of Rs 123.16 crore for the same quarter in the previous year. The total income from operation of the company has increased by 29.53% at Rs 4587.27 crore for Q1FY13 as compared Rs 3541.60 crore for the corresponding quarter previous year.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)

07-Nov-2024 00:00 View Price Chart

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