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Jet Airways surges on reporting passenger load factor of 86.7% in March

Mumbai : Jet Airways is currently trading at Rs. 163.80, up by 9.20 points or 5.95% from its previous closing of Rs. 154.60 on the BSE. The scrip opened at Rs. 158.80 and has touched a high and low of Rs. 168.00 and Rs. 158.00 respectively. So far 1216966 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 650.50 on 30-Apr-2018 and a 52 week low of Rs. 132.20 on 22-Apr-2019.

Last one week high and low of the scrip stood at Rs. 257.20 and Rs. 132.20 respectively. The current market cap of the company is Rs. 1845.96 crore. The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 7.36% and 41.64% respectively. Jet Airways (India) has reported the Passenger Load Factor (PLF) of 86.7% during the month of March 2019. The company had reported the Passenger Load Factor of 89.4% during the month of February 2019.

The PLF is a key indicator of the company’s performance, as it measures the average percentage of seats filled on airline’s aircraft fleet. Jet Airways (India) is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.