Jet Airways slips to quarterly net loss. Expects ‘tough’ second quarter

Jet Airways swung to a quarterly net loss in the peak 1QFY2012 (three months to Jun-2011) as rising fuel costs and intense competition in the domestic market offset an increase in passenger demand. The nation’s other listed carriers, SpiceJet and Kingfisher, are also expected to post losses in the quarter.

Archives

DISCLAIMER: PrivateJetsCharter is not a part 135 air carrier and only acts as an agent to provide info on the best carrier available for charter. PrivateJetsCharter arranges flights on behalf of jet charter clients with FAR Part 135 air carriers that exercise full operational control of charter flights at all times. Flights will be operated by FAR Part 135 direct air carriers that have been certified to provide service for PrivateJetsCharter clients and that meet all FAA safety standards and additional safety standards established by PrivateJetsCharter.