Jet Airways investors, brace yourself for a hard landing
Over the medium term, considering high fuel costs and pricing pressure and Jet Airways's financial position, it is possible that the bottom is yet to come for the company's shares
Mumbai: Jet Airways (India) Ltd’s investors are bracing themselves for a hard landing. Some of them will wait until the airline announces the June quarter (Q1) results (deferred last Thursday), before throwing in the towel. But given that the shares touched a 52-week low on Friday, investors may already be ditching the stock. Jet Airways hasn’t disclosed the timing of the Q1 results announcement yet. It has said that management and auditors needed more time to finalize the accounts, and the audit committee has agreed to that.