Shares of Jet Airways decline 5% after earnings announcement

Shares of Jet Airways on Thursday dipped 5 per cent to its lowest trading permissible limit for the day after the company reported a loss of Rs 153.35 crore for the June quarter of the last financial year.

The stock declined 5 per cent to Rs 126.45 — its lowest trading permissible limit for the day — on both the BSE and the NSE.

Grounded carrier Jet Airways on Wednesday reported a loss of Rs 153.35 crore for the June quarter of the last financial year.

In the year-ago period, the loss stood at Rs 1,514.20 crore, according to a regulatory filing.

The total income of the airline, which has not flown since April 17, 2019, stood at Rs 10.96 crore in the June quarter of the last fiscal.