However, cost pressures on fuel and foreign exchange prevented us from translating this strong revenue performance into net profitability.
Jet fuel prices on Wednesday were reduced by 1.3% by the oil marketing companies (OMCs), after 10 rounds of price hikes.
While jet fuel prices are revised on the 1st and 16th of every month, petrol and diesel rates are revised daily based on equivalent rates in the international market.
Jet fuel prices are revised on the 1st and 16th of every month based on the average international price of benchmark fuel in the preceding fortnight.
Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has this year surged to new highs.