 "Jet Airways edges into profit in Q3 after seven quarters of losses")
Jet Airways Ltd on Friday reported an operating profit of Rs 3 crores for the three months to Dec. 31, ending seven consecutive quarters of losses after it benefited from a drop in fuel costs and increased revenues.
Jet reported a Rs 284-crore rupee loss for the same period a year earlier.
Jet is the second-biggest airline by market share in India after privately-held IndiGo. Jet reported a net profit in the previous quarter due to one-off gains, including from the sale of its frequent flyer programme.
Shares of Jet closed 1.35% higher ahead of the earnings release, versus a 0.58% loss in the benchmark index.