The result was announced after trading hours on Thursday, 24 May 2012.

Meanwhile, the BSE Sensex was down 79.13 points, or 0.49%, to 16,143.17.

On BSE, 93,000 shares were traded in the counter as against an average daily volume of 3.50 lakh shares in the past one quarter.

The stock hit a high of Rs 319 and a low of Rs 309.45 so far during the day. The stock had hit a 52-week high of Rs 517.50 on 19 July 2011. The stock had hit a 52-week low of Rs 167 on 29 December 2011.

The stock had underperformed the market over the past one month until 24 May 2012, falling 5.99% compared with the Sensex's 5.72% fall. The scrip had, however, outperformed the market in past one quarter, rising 6.57% as against 9.49% fall in the Sensex.

The mid-cap private sector air carrier has an equity capital of Rs 86.33 crore. Face value per share is Rs 10.

Revenues rose 24.4% to Rs 4092.70 crore in Q4 March 2012 over Q4 March 2011. Fuel costs rose 42.4% to Rs 1822.50 crore in Q4 March 2012 over Q4 March 2011. Jet reported a passenger growth of 23.5% in Q4 March 2012 over Q4 March 2011.

The company said operating results for the quarter continued to be impacted due to rupee depreciation and high fuel cost. However, increase in fares and strict cost control measures have helped Jet Airways post an operating profit (EBITDAR) of Rs 369.80 crore for Q4 March 2012.

The impact of fuel price increase for Jet Group as compared to the same period last year was Rs 419.80 crore.

Jet Group continues to maintain its leadership position in the Indian aviation industry with the highest market share of 29.3% for the quarter ending March 2012.

Mr. Nikos Kardassis, Chief Executive Officer, Jet Airways (India), said, "Rupee depreciation and fuel prices has impacted the quarterly results, however capacity reduction in the industry has helped to raise fares and improve yields. In this hour of rapid change in market dynamics, we continue in our endeavor to enhance guest experience through unique marketing initiatives and social media tools. As part of a strategic rebranding exercise, Jet Airways, India's premier international airline, had consolidated its low fare service products under the JetKonnect brand to simplify the group's service proposition and enhance brand recall."

In its outlook, Jet Airways said, "Capacity reduction in the industry has helped the domestic airlines to increase fares and improve yields. The full impact of the same would be felt in the current quarter. We have not seen any adverse effect on the passenger traffic flow. Rupee depreciation and Crude Oil prices continues to be a cause of concern. This coupled with sluggish economy could impact traffic growth to some extend in the short to medium term as the discretionary spending on travel could get affected.

We have taken various initiatives to improve our operating efficiency and revenue earning potential. We believe that the JetKonnect rebranding initiative will help us to enhance revenues. Other initiatives such as enhancing ancillary revenues, discontinuing loss making routes, sale of aircraft, restructuring commissions being paid to the agents are few to be named. We believe that these initiatives will help us in medium to long term.

Our International business continues to be robust and we are achieving healthy seat factors. We are focusing on network rationalization, selectively adding flights to profit making markets such as Gulf & Middle East and ASEAN routes and discontinuation of loss making routes."

Jet Airways currently operates a fleet of 102 aircraft. With an average fleet age of 6.04 years, the airline has one of the youngest aircraft fleets in the world. Flights to 76 destinations span the length and breadth of India and beyond.