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Jet Airways takes off on surge in traffic in January 2010

Capital Market / 11:59 , Feb 09, 2010

Jet Airways (India) rose 2.49% to Rs 485.60 at 11:58 IST on BSE, after the company's international passenger traffic witnessed a 29.6% growth to 3.64 lakh in January 2010 over January 2009.

The company made this announcement during trading hours today, 9 February 2010.

Meanwhile, the BSE Sensex was up 46.27 points, or 0.29% to 15,981.88.

On BSE, 80,120 shares were traded in the counter as against an average daily volume of 3.68 lakh shares in the past one quarter.

The stock hit a high of Rs 490.20 and a low of Rs 472.80 so far during the day. The stock had hit a 52-week high of Rs 605.95 on 3 December 2009 and a lifetime low of Rs 115.25 on 12 March 2009.

The mid-cap stock had underperformed the market over the past one month till 8 February 2010, falling 9.93% as compared to the Sensex's 9.15% fall. It had outperformed the market in the past one quarter, gaining 2.26% as compared to the Sensex's decline of 1.38%.

The company's equity capital is Rs 86.33 crore. Face value per share is Rs 10.

The current price of Rs 485.60 discounts the company's Q3 December 2009 annualized EPS of Rs 49.02, by a PE multiple of 9.91.

Jet Airways' domestic passenger traffic rose 25.9% to 7.50 lakh in January 2010 over January 2009. The company's average seat factor for the domestic and international operations for January 2010 stood at 73.6% and 84.9% respectively.

JetLite, the company's all-economy subsidiary posted a 12.8% growth in passenger traffic to 2.94 lakh in January 2010 over January 2009.

Jet Airways (India) reported net profit of Rs 105.80 crore in Q3 December 2009 compared to net loss of Rs 214.18 crore in Q3 December 2008. Net sales fell 6.4% to Rs 2722.68 crore in Q3 December 2009 over Q3 December 2008.

Jet Airways (India) is an airline providing regular scheduled services on routes between all of India's major cities.

 



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