Shares Of Jet Airways Rose Nearly 3 Percent In The Opening Trade On Tuesday

Shares of Jet Airways rose nearly 3 percent in the opening trade on Tuesday despite the company reported weak numbers in the quarter ended June 2018.

The company has reported net loss at Rs 1,323 crore in Q1FY19 against profit of Rs 53.5 crore in the same quarter last fiscal.

Revenue was up 6.4% at Rs 6,010.5 crore against Rs 5648.9 crore. Q1 EBITDA loss was at Rs 1,018.4 crore versus EBITDA of Rs 88.1 crore.

The company to focus on looking at raising funds, also to focus on cost cutting measures, raise revenues through monetisation.

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