Mumbai: Private sector carrier Jet Airways’ net loss widened on Friday to Rs214.18 crore for the third quarter ended 31 December from Rs91.12 crore in the year-ago period .
The Naresh Goyal-led firm told in a filing to the Bombay Stock Exchange that total income rose 24.60% to Rs3,022.83 crore during the quarter under review, from Rs2,425.98 crore in the corresponding period a year ago.
“The company during the quarter and nine months ended 31 December, 2008 suffered losses mainly on account of high fuel and other operating costs and lower load factors resulting into lower revenues than expected,” Jet Airways said in a statement.
For the nine months ended 31 December, 2008, Jet Airways reported a net loss of Rs455.33 crore, while it had a net loss of Rs31.88 crore in the corresponding period a year-ago.
The total income during the nine-month period rose nearly 49% to Rs9,011.33 crore from Rs6,051.20 crore in the same period last fiscal.
Shares of Jet Airways closed at Rs157.05, up 1.26% on the BSE.