(Reuters) - Jet Airways (India) Ltd, the country’s second-largest airline by market share, posted a loss in the fourth quarter due to higher fuel expenses.
The company posted a loss of 10.36 billion rupees ($151.50 million) in the three months ended March 31, compared with a profit of 6.02 billion rupees a year earlier, Jet Airways said on Wednesday. bit.ly/2IEJxfM
Revenue from operations rose about nine percent to 59.25 billion rupees, while aircraft fuel expenses surged 31 percent to 20.63 billion rupees.
($1 = 68.3850 Indian rupees)
Reporting by Tanvi Mehta and Aby Jose Koilparambil in Bengaluru; Editing by Arun Koyyur