 "Jet had shut its operations in April 2019 and was taken to the insolvency court two months after by its lenders.")
Jet Airways made a pre-tax loss of Rs 5,535 crore in FY19 as against a loss of Rs 767 crore in FY18, mainly due to surge in expenses.
The full service carrier, which is undergoing an insolvency resolution process, has recieved two resolution plans that are under evaluation. In 2018-19, the airline's total income declined to Rs 23,314.11 crore from Rs 23,958.37 crore in FY18, according to a regulatory filing.
Total expenses surged to Rs 28,141.61 crore in FY19, mainly on account of higher fuel costs.
After stopping operations on April 18, the airline went into Corporate Insolvency Resolution Process (CIRP) in
