Comments
Jet Airways stock slumped 6 per cent today after the company reported a net loss of Rs 1,729 crore for the three months ended March 2015.
The stock tanked 6.06 per cent to settle at Rs 362.05 on the BSE. During the day, it dipped 7.62 per cent to Rs 356.
On the NSE, it declined by 5.87 per cent to end at Rs 361.90.
The company’s market valuation fell by Rs 265.21 crore to Rs 4,112.79 crore.
Jet Airways narrowed its net loss to Rs 1,728.99 crore for January—March 2015, helped by lower expenses, fall in aviation fuel costs and higher income from operations.
The carrier, which has completed the first year of its strategic alliance with Etihad, had a net loss of Rs 2,513.57 crore in the year—ago period.
However, total income from operations jumped to Rs 5,064.52 crore in the fourth quarter ended March 2015 from Rs 4,566.17 crore in the same period a year ago.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.