Home Economy Jet Airways posts net loss of Rs.406 cr

Jet Airways posts net loss of Rs.406 cr


Mumbai : Private carrier Jet Airways has posted a net loss of Rs.406.7 crore ($90.38 million) for the quarter ended Sep 30 as compared to a loss of Rs.384.5 crore reported during the like period last year.

The airline’s total income during the quarter under review was Rs.2,381 crore, down from Rs.3,258.4 crore a year earlier, Jet said in a regulatory statement Tuesday.

The airline has undergone losses due to high operational costs and global economic turmoil which has hit hard the aviation industry worldwide. It also faced strike after its move to downsize manpower.