Jet Airways achieves 4th quarter profit

India's Jet Airways airline last week posted a 4th quarter profit that was 11% up on the same period last year. 

Net Income rose from $11.4 million to $12.57 million between January and March 2010.

They have also predicted continued growth, especially in the premium and business travel markets, as the global economic recovery continues.

Despite the increased profit the airline finished the year with its third consecutive annual loss.  Jet Airways are still seeking further investment to purchase aircraft and restructure debts.  They are hoping to raise up to $400 million

Source: MenaFN.com