Jet Airways Swings To Loss

[nickrayudu]

Jet Airways, India's top airline by market share, on Friday said it swung to a net loss, compared with a profit a year ago, hurt by rising fuel prices and a forex loss in the quarter.

For the quarter ended September, Jet Airways reported a net loss of 7.13 billion rupees for July-Sept, compared with 124 million rupees a year ago.

Total income rose to 32.93 billion rupees from 30.67 bilion. "Tough pricing environment, lean season impact and high fuel prices impacted the results," the carrier said in a statement.