Buy with Amazon

Friday, February 7, 2014

Jet Airways reported Net loss of 268 Crore

India No.2 domstic share airlines Jet Airways reported its fourth straight quarterly loss. Jet Airways reports net loss of 268 Crore in december quarter.

Jet Airways battle high fuel costs and taxes and stiff competition limits fare increases.Last year Jet airways sold 24% Stake to Abu Dhabi's Etihad in the first deal in the sector after the government eased restrictions.

It had reported a profit of Rs 85 crore in the year-ago quarter.

Jet Airways reported Net loss of 268 Crore

India No.2 domstic share airlines Jet Airways reported its fourth straight quarterly loss. Jet Airways reports net loss of 268 Crore in december quarter.

Jet Airways battle high fuel costs and taxes and stiff competition limits fare increases.Last year Jet airways sold 24% Stake to Abu Dhabi's Etihad in the first deal in the sector after the government eased restrictions.

It had reported a profit of Rs 85 crore in the year-ago quarter.