Jet Airways posted a net loss of 123.16 crore for the first quarter ended June 30. The Naresh Goyal-promoted airline posted almost 20% rise in net income from operations and other items at 3,541.60 crore, up from 2,965 crore a year earlier, on a standalone basis, that is, without the numbers of its subsidiary JetLite.

The airline had posted a profit of 3.52 crore in the same period last year. While fuel costs-which account for some 45% of an airline's total expenses-increased 57% to 1,563.69 crore, a senior Jet official said a bigger problem was unviable ticket pricing in the industry.

The Airlines will focus on international expansion, as domestic yields come under strain due to high fuel costs and discount pricing by other carriers. International routes contribute to 57 percent of its revenue.

Jet’s vice-president (investor relations), K G Vishwanath, told analysts in a conference call that the airline would optimise its international network and focus on connecting the Gulf with Southeast Asian cities. This year, Jet will be adding four to six narrow-body Boeing 737s. According to sources, Jet plans to launch a third flight on the Mumbai-Bangkok sector. IndiGo’s foray in global routes is leading to intense competition on the Dubai and Bangkok routes, and Thai Airways has lowered fares as well.

Also Jet Airways has shown interest in starting domestic flight services from the diamond city, connecting Ahmedabad, Mumbai, Kolkata, Bangalore and other important destinations.