Jet flies deeper into red; Q4 loss widens to Rs 2,153 cr

Private carrier Jet Airways today reported a massive loss of Rs 2,153.57 crore in the fourth quarter ended March 31, 2014.

The company had reported a net loss of Rs 495.53 in the year-ago period.

The total income, however, grew nearly 10 per cent to Rs 4,678.17 crore during the fourth quarter, the Naresh Goyal- promoted airline said in a filing to the BSE.

For the full fiscal, the company reported a net loss of Rs 3,667.85 crore as against Rs 485 crore in FY'13.

Total income in FY'14 increased to Rs 17,713.47 crore from Rs 17,403.17 crore in FY'13.