August 28, 2018 / 3:56 AM / 4 months ago

BUZZ-India's Jet Airways dives on Q1 loss

** Jet Airways (India) Ltd shares down as much as 3.76 pct at 271.65 rupees

** The airline posted its second consecutive quarterly loss on Monday; Co to inject funds and cut costs in excess of 20 bln rupees in 2 years

** Jet posted Q1 loss of 13.23 bln rupees compared with profit of 535 mln rupees a year ago.

** India’s biggest full-service airline said it plans to further reduce non-fuel expenditure by 12-15 pct in the next 8-10 qtrs.

** Stock has fallen 66.07 pct this year as of last close

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