India's Jet Airways quarterly losses narrow
- Published: 3 Nov 2012 at 14.48
- Online news: World
India's second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 percent from a year ago as it benefited from troubles roiling rival Kingfisher Airlines.
An Indian security official watches a Jet Airways plane at Indira Gandhi International Airport in New Delhi in September 2012. India's second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 percent from a year ago as it benefited from troubles roiling rival Kingfisher Airlines.
Jet announced late Friday a net loss of 997 million rupees ($18.5 million) in the second quarter, down sharply from a 7.13-billion rupees loss posted in the same period a year earlier, as operating income surged.
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