Jet Airways’ Q4 net loss widens to Rs 234 cr; total income falls 33%
Jet Airways, which remains grounded for over two years, on Thursday reported a standalone net loss of Rs 233.63 crore for the three months ended March.
The full service carrier had a standalone net loss of Rs 107.01 crore in the year-ago period, according to a regulatory filing.
Total income stood at Rs 11.63 crore in the latest March quarter compared to Rs 17.73 crore in the year-ago period.
Currently, the airline is being managed by a monitoring committee.
“… the monitoring committee is not in a position to provide the consolidated financial results, as the subsidiaries of the company are separate legal entities, also currently non-operational and the team is facing huge difficulty in obtaining relevant data from the said subsidiaries,” the filing said.
