Jet Airways, India's No.2 carrier by domestic market share, reported its fourth straight quarterly loss as airlines in Asia's third-biggest economy battle high fuel costs and taxes and stiff competition limits fare increases.
Jet, which last year sold a 24 per cent stake to Abu Dhabi's Etihad in the first deal in the sector after the government eased restrictions, reported a net loss of Rs. 268 crore for the third quarter to ending December 31. It had reported a profit of Rs. 85 crore in the year-ago quarter.
Jet, which last year sold a 24 per cent stake to Abu Dhabi's Etihad in the first deal in the sector after the government eased restrictions, reported a net loss of Rs. 268 crore for the third quarter to ending December 31. It had reported a profit of Rs. 85 crore in the year-ago quarter.
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