Jet Airways has reported a net loss of Rs 1,036 crore in the March quarter compared to a net profit of Rs 602.42 crore in the year-ago period, due to an increase in oil prices and a weaker rupee. The total income declined by 3.44% to Rs 6,055 crore during the quarter, against Rs 6,271.21 crore in the same quarter last year. Fuel costs rose by 31% to Rs 2,063.34 crore, against Rs 1,282.41 crore. “Financial performance during the quarter was weaker due to the continuing increase in the price of Brent fuel without a corresponding increase in air fares,

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