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Jet Airways posts fourth-quarter loss due to higher fuel costs

Revenue from operations rose about nine percent to Rs 59.25 billion, while aircraft fuel expenses surged 31 percent to Rs 20.63 billion

Reuters  |  New Delhi 

Jet Airways (India) Ltd, the country's second-largest airline by market share, posted a loss in the fourth quarter due to higher fuel expenses. The company posted a loss of Rs 10.36 billion ($151.50 million) in the three months ended March 31, compared with a profit of Rs 6.02 billion a year earlier, Jet Airways said on Wednesday.  Revenue from operations rose about nine percent to Rs 59.25 billion, while aircraft fuel expenses surged 31 percent to Rs 20.63 billion.

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First Published: Wed, May 23 2018. 20:44 IST
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