Jet Airways Suffers $366.5 Million Quarterly Loss

Private carrier Jet Airways reported a loss of Rs 2,153.57 crore ($366.5) in the fourth quarter of FY2013-14.

The company had reported a net loss of Rs 495.53 crore in the corresponding period last year.

The total income, however, grew about 10% to Rs 4,678.17 crore, the Naresh Goyal- promoted airline said in a filing to the BSE.

The company reported a net loss of Rs 3,667.85 crore in the full fiscal (2013-14).

Its total income in FY2013-14 increased to Rs 17,713.47 crore from Rs 17,403.17 crore in FY2012-13.