Jet Airways slips to Rs 10.40 bn net loss in Q4 FY 2018 on rising costs

The management is confident that its cost-saving and revenue management initiatives will help it to raise substantial cash flows and address uncertainties

Jet Airways slipped to Rs 10.40 billion net loss in fourth quarter FY 2018 on rising costs and sharp fall in other income. In the same period last year, the airline had made a net profit of Rs 5.83 billion. 

The airline had posted the positive result for three preceding quarters, though its profit declined on lower other income in first nine months of the fiscal. Other income includes profit from sale and lease of aircraft and gains from real estate development. 

On a standalone basis, other income on stand-alone basis fell 84 per cent to Rs 1.3 billion while overall