• Register
jet_airways

Jet Airways reports fifth consecutive quarterly loss

: Thursday, May 29 - 2014 @ 02:11

Indian carrier, Jet Airways has posted its biggest-ever quarterly loss, as costs jumped and it took a charge on its investment in a subsidiary, Reuters has reported. India’s second-largest airline, part-owned by Abu Dhabi’s Etihad Airways, said that standalone net loss was Rs21.54bn ($366.5m) for its fiscal fourth-quarter to end-March, compared with a loss of Rs4.96bn a year earlier. The latest quarterly loss was Jet’s fifth in a row. For the fourth quarter, Jet’s total expenses jumped about 29% from a year earlier to Rs59.32bn on a standalone basis, while total income grew 16% to Rs45.66bn.

Today's Top Stories

Posted by

Thursday, May 29- 2014 @ 2:11 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services





Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically



JobsVIEW ALL

Search for jobs

Latest Jobs