Jet Airways Ltd, India's second-largest airline by market share, posted a first-quarter loss, hurt by higher fuel expenses.
The airlines posted a loss of Rs 13.23 billion ($188.76 million)in the three months ended June 30, compared with a profit of Rs 535 million a year earlier.
ALSO READ: Corp Affairs ministry seeks details from Jet Airways on 'certain issues'
Aircraft fuel expenses for the quarter surged 53 per cent to Rs 23.32 billion.
The airlines posted a loss of Rs 13.23 billion ($188.76 million)in the three months ended June 30, compared with a profit of Rs 535 million a year earlier.
ALSO READ: Corp Affairs ministry seeks details from Jet Airways on 'certain issues'
Aircraft fuel expenses for the quarter surged 53 per cent to Rs 23.32 billion.
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