Jet Airways reports $59.8 million loss in fiscal 1Q

Credit: By Kurt Hofmann
India’s Jet Airways posted a net loss of INR3.55 billion ($59.8 million) in the fiscal first quarter ended June 30, reversed from a profit of INR247 million in the year-ago quarter. Revenues fell 12.3% to INR40.64 billion compared to INR46.4 billion in the year-ago quarter. Jet Airways’ loss for the...

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