Jet Airways has posted its fourth straight quarterly loss on Friday as higher fuel costs continued to hurt its financials. The airline posted a Rs 101.22 crore loss for the December quarter against a Rs 118 crore profit during the same period last year. Jet stated that: “We could not pass on the fuel cost to customers and hence had operating losses”. Jet did however benefit from the sale and leaseback of aircraft, a property deal and foreign-exchange gains during the quarter. Jet earned around Rs 400 crore from these transactions. This shows you how bad the core of the

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In