Jet Airways net loss Rs 1323 cr in first quarter


Jet Airways on Monday reported a net loss of Rs. 1,323 crore for the April-June period. That marked a quarter-on-quarter increase of 27.7 per cent in the net loss. The airline had registered a net profit of Rs. 53.50 crore for the quarter ended June 30, 2017. Jet Airways’ revenue from operations for the first quarter of 2018-19 came in at Rs. 6,010 crore, 6.4 per cent higher from Rs. 5,648.87 in the corresponding period a year ago.

Earlier this month, Jet Airways had deferred release of earnings for the April-June quarter. The airline had said its audit committee did not recommend the results to the company’s board for approval “pending closure of certain matters”.

Jet Airways, the country’s second-largest airline by market share, had reported a loss of Rs.1,036 crore for the January-March quarter.ndtv


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