Jet Airways loss widens to ₹5,536 crore in 2018-19

Jet Airways, which is undergoing insolvency resolution process, has reported widening of loss to ₹5,535.75 crore in the year ended March 2019 as surge in expenses took a toll.

The full service carrier, which shuttered operations in April last year, had a loss of ₹766.13 crore. These figures are for standalone comprehensive losses.

In 2018-19, the airline’s total income declined to ₹23,314.11 crore from ₹23,958.37 crore in the year-ago fiscal, according to a regulatory filing.

Pushed by higher fuel costs, the total expenses surged to ₹28,141.61 crore in 2018-19.