Jet Airways reports ‘robust’ growth

The Indian airline has shown strong Q3 results.

Jet Airways has posted a pre-tax profit of Rs 2.4 billion (£32.5 million) for the third quarter of its financial year.

The private Indian airline had an 18.8 per cent increase in total revenues for the three months ending on December 31st 2010.

Passenger growth in this quarter, compared to the same period in 2009, stood at 15 per cent.

The company, which is India’s largest airline group, has attributed its “buoyant” results to the growth in global business and leisure travel.

In addition, it cited “customer-centric product innovations” as another reason for its third quarter success.

Nikos Kardassis, chief executive of Jet Airways, said: “The airline’s focused approach of innovative marketing, strategic code shares, expanded and growing network coupled with constant product, service and technology innovation have given Jet Airways the requisite growth thrust to stay ahead of competition.”

The airline currently operates flights to 71 destinations in India and across the world.

Written by Alex Cochrane