Jet Airways narrows losses in FY13

Credit: By Kurt Hofmann
Jet Airways reported a net loss of INR4.8 billion ($89 million) for the 2012-13 fiscal year ended March 31, narrowed from a loss of INR12.3 billion in the year-ago period. Jet’s acting CEO Hameed Ali said the “sluggish economic scenario and high yields have resulted in decrease in market demand and...

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