Investors warned on Jet

The Indian Economic Times has advised short-term investors to pull out of Jet Airways India shares. It says appreciation of dollar against the rupee, high crude oil prices and fierce competition from low-cost carriers indicate weak business situation in the coming quarters for the company. Jet has been facing numerous problems but the biggest is the rising crude oil price which has eroded revenue. The company also incurs huge expense in terms of salaries to expatriate pilots paid in dollars.