Jet Airways falls over 5% ahead of December quarter earnings

Shares of Jet Airways fell as much as 5.44 per cent to Rs 215.05 apiece on the NSE in the early trade on Thursday ahead of its December quarter earnings due later in the day

Shares of Jet Airways fell as much as 5.44 per cent to Rs 215.05 apiece on the National Stock Exchange (NSE) in the early trade on Thursday ahead of its December quarter earnings due later in the day. 

Apart from this, a resolution plan for Jet Airways has been delayed over issues linked to due diligence in fresh equity investments, promoters’ interests, lenders’ perspective, regulatory hurdles and government concerns, sources in the know said. Industry watchers are drawing parallels with suspense thrillers while waiting for the “climax or anti-climax’’, as an official put it.

A board meeting, scheduled for Thursday