Jet Airways’ Shares Fell Around 6 Percent On Friday Morning

Jet Airways’ shares fell around 6 percent on Friday morning as investors turned wary of reports of a financial crunch in the airline.

The stock touched an intraday high of Rs 325.00 and an intraday low of Rs 312.25.

In a statement issued to the media, the airline has said that some of the cost cutting measures include sales and distribution, payroll and maintenance, among others.

Jet said that the “airline management is in dialogue with key stakeholders to enlist their full support and cooperation for realising necessary savings.”

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