Jet Airways posts loss

Dino D'Amore
By Dino D'Amore October 23, 2013 09:42

Jet Airways posts loss

Jet Airways has posted a net loss of 8.91 billion rupees in the second quarter ended September. This is compared to a loss of 997 million rupees in the same period a year earlier. Revenues were up by 1.3% however to 41.94 billion rupees.

The airline stated that a “lean season and the economic slowdown resulted in a drop in yields (returns)”, while the “depreciating currency, high fuel costs and increase in airport charges at some Indian airports drove up cost pressures, resulting in losses”.

Dino D'Amore
By Dino D'Amore October 23, 2013 09:42
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