Hit by fuel costs, Jet posts 3rd straight quarterly loss at Rs 12.97 bn

Fuel expenses jumped 58.6 per cent to Rs 24.20 billion, while revenue from operations climbed 9.5 per cent

Jet Airways is overhauling its network after posting a net loss of Rs 12.61 billion in the third quarter of 2018-19. In the September quarter of 2017-18, it had reported a net profit of Rs 0.71 billion.

Total revenue rose 6.9 per cent to Rs 63.63 billion on a year-on-year basis, with the gains coming from international routes and passenger feed from partner airlines. The airline booked "expected refund of variable rentals" worth Rs 1.11 billion in revenue, which helped boost numbers.

After the weak results, the airline on Monday said it was conducting a comprehensive review of its network,