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Aviation | Jet targets break-even in the next one year

Aviation | Jet targets break-even in the next one year
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First Published: Sun, Feb 15 2009. 10 31 PM IST
Updated: Sun, Feb 15 2009. 10 31 PM IST
New Delhi: Jet Airways (India) Ltd is targeting to break even in the next one year and could also achieve a “small profit” in spite of the current turbulence in the aviation sector.
“Our overall goal for next year is to achieve break-even and if I say break- even this could also mean small profit,” Jet Airways chief executive officer Wolfgang Prock- Schauer told investors.
He said the airline does not expect crude oil prices to go up significantly in the given current environment and this will result in lower break-even levels.
Jet reported a loss of Rs455.3 crore for the first nine months of the ongoing fiscal, while its subsidiary JetLite’s loss for the same period stood at Rs498.9 crore.
—PTI
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First Published: Sun, Feb 15 2009. 10 31 PM IST