Jet Airways Shares Plunge 9% After Reports Of Cost-Cutting Measures

Jet Airways share price declined as much as 9 per cent on Friday, after the airline said it has been implementing cost reduction measures. Jet Airways shares opened lower at Rs 323.90 apiece on the NSE and plunged to Rs 301.10 at the day's lowest level. News agency Reuters reported earlier in the day citing a senior company executive that Jet Airways has told its pilots the airline may be grounded in 60 days unless cost-cutting measu...