Jet Airways Slipped A Little Over 8 Percent To Hit Its Fresh 52 Week Low - Dollar Advisory & Financial Services

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Thursday 24 May 2018

Jet Airways Slipped A Little Over 8 Percent To Hit Its Fresh 52 Week Low

Jet Airways slipped a little over 8 percent to hit its fresh 52-week low of Rs 386.05 on the BSE after the airliner reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and a weaker rupee.

The company had reported a net profit of Rs 602.42 crore in the year-ago period.

The total income also declined by 3.44 percent to Rs 6,055 crore during the quarter, against Rs 6,271.21 crore in the same quarter last year, it said in a regulatory filing.

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