Jet Airways posts net loss of INR 3000 million

Jet Airways, which was supposed to have kick-started operations by now, has reported a net loss of INR 3080 million in Q3 of 2022, according to a regulatory filing. The airline reported a net loss of INR 3,000 million in 2021. In the second quarter of the current fiscal year, Jet Airways saw its total income plunge to INR 135.2 million from INR 450.1 million a year ago. The airline’s reported total expenses of INR 3217.6 million in Q3 of 2021. The filing reads: “The company continues to incur losses resulting in an erosion in its net worth and its current liabilities exceed