August 10, 2018 / 4:11 AM / 4 months ago

BUZZ-India's Jet Airways plunges to over 3-yr low on Q1 results delay

** Shares of India’s biggest full-service airline Jet Airways Ltd fall as much as 14.5 pct to lowest since June 2015

** Co defers consideration of financial results for June qtr after board meeting for the same on Thursday

** Audit committee did not recommend results, “pending closure of certain matters,” co says

** Airline has been facing financial troubles, but remains confident to be able to cut costs and keep flying despite reports that it had warned staff it was running out of cash.

** Over 8 mln shares traded as of 0410 GMT, compared with 30-day avg volume of 5.7 mln

** Stock has more than halved in value this year, as of last close

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below