Jet Airways fails to fly high; reports net losses for Q1 2014
Jet Airways has reported a net loss of Rs 355.3 crores for the quarter ending June 30, 2013, as compared to net profit of Rs 24.70 crores for the quarter ended June 30, 2012. BSE 579.9510.35 (1.78%) NSE 580.2510.95 (1.89%)
Total income has decreased from Rs 4711.63 crores for the quarter ended June 30, 2012 to Rs. 4064.35 crores for the quarter ended June 30, 2013.
The results were largely disappointing and the stock was trading lower at Rs 322 on the National Stock Exchange.