Jet Airways experiences $73m quarterly loss

August 08, 2013 18:02
Jet Airways experiences $73m quarterly loss

Indian carrier Jet Airways, which is steady to sell a minority jeopardize to Abu Dhabi-based Etihad, on Thursday posted its second straight quarterly loss stroke to lower income as well as high fuel prices. The carrier mentioned in detail that a amalgamated net loss of 3.55 billion rupees (S$73 million) in the three months to June, against a gain of 247 million rupees in the same period preceding year. Furthermore, the airline said in a statement that the revenues declined 12.3 per cent to 40.64 billion rupees since an year in precedence.

In fact, Jet's acting chief executive Captain Hameed Ali said in the statement that the sharp reduction of a value of the rupee versus the dollar while the steep elevation in airport charges as well as high fuel prices have resulted being forcible impinging for the earnings.

(AW:Samrat Biswas)

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