Jet Airways Ltd, India’s second-largest airline by market share, posted a first-quarter loss, hurt by higher fuel expenses.
Don’t Miss: FDI growth up 23% in Apr-June quarter this fiscal
The airlines posted a loss of 13.23 billion rupees ($188.76 million)in the three months ended June 30, compared with a profit of 535 million rupees a year earlier.
Aircraft fuel expenses for the quarter surged 53 percent to 23.32 billion rupees.