India’s Jagson Airlines has reported a net loss of Indian rupees (Rs) 30 million ($661,000) in its fiscal first quarter, against a net loss of Rs7.3 million a year ago. Its operating loss before interest for the quarter ended 30 June 2011 amounted to Rs26.1 million, compared with an operating loss of Rs3.7 million a year earlier, Jagson said in a statement. The company did not provide a net sales figure for its fiscal first quarter. In 2010, it posted a net sales figure for its fiscal first quarter of Rs36.8 million. The airline’s maintenance and fuel costs for the
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