Jet Airways Reports Highest-Ever Quarterly Loss

Jet Airways (India), part-owned by Abu Dhabi's Etihad, reported its biggest-ever quarterly loss as costs jumped and it took a charge on its investment in a subsidiary. The No. 2 Indian carrier by domestic market share, which last year sold a 24 per cent stake to Etihad, said on Tuesday that standalone net loss was Rs 2,154 crore for its fiscal fourth-quarter to end-March, compared with a loss of Rs 496 crore a year earlier. T...