Defunct carrier Jet Airways posts Rs 306 cr loss in September quarter

Jet Airways, which remains grounded for more than two years now, recorded a standalone net loss of Rs 305.76 crore in the three months ended September.

In the latest quarter under review, the company had a total income of Rs 45.01 crore, according to a regulatory filing on Tuesday.

The airline, which has undergone insolvency resolution process, had a profit of Rs 152.41 crore in the 2020 September quarter on a total income of Rs 172.61 crore, the filing showed.

The once-storied full service carrier recognised a loss of Rs 244.98 crore in relation to the sale of an aircraft, which was attached by the Dutch administrator, in the latest September quarter.