Jet Airways loss widens to Rs 5,536 cr in 2018-19

July 29, 2020 11:27

Jet Airways, which is undergoing insolvency resolution process, has reported widening of loss to Rs 5,535.75 crore in the year ended March 2019 as surge in expenses took a toll. The full service carrier, which shuttered operations in April last year, had a loss of Rs 766.13 crore. These figures are for standalone comprehensive losses.

In 2018-19, the airline's total income declined to Rs 23,314.11 crore from Rs 23,958.37 crore in the year-ago fiscal, according to a regulatory filing. Pushed by higher fuel costs, the total expenses surged to Rs 28,141.61 crore in 2018-19. After stopping operations on April 18, the airline went into Corporate Insolvency Resolution Process (CIRP) in June 2019. -- PTI

« Back to LIVE

TOP STORIES

In Pictures - City make history! 4th straight EPL title secured

Manchester City celebrate unprecedented fourth successive league title

Raisi's Instagram post urges Iranians to pray for him

Raisi's condition currently remains unknown, Iranian state news agency IRNA has reported, after the helicopter he was traveling in crashed in the country's East Azerbaijan Province.

KKR await SRH in Qualifier 1; RR face RCB in Eliminator

Rajasthan Royals paid the price for their shoddy show during the business end as a washout of their final IPL league game

In Pictures - Sunrisers demolish Punjab Kings to finish second

Images from the IPL match between Punjab Kings and Sunrisers Hyderabad, at the Rajiv Gandhi stadium, Hyderabad, on Sunday.

Gopi Thotakura becomes first Indian space tourist on Blue Origin

Thotakura was selected as one of the six crew members for the NS-25 mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.