Jet Airways dives into red in 4th quarter

The loss is despite the airline improving its cost per seat km and implementing strict cost control measures across various areas along with effective route rationalising, the airline said.

While revenue rose to Rs 3,288 crore in Q4, fuel cost rose to Rs 1,279.70 crore against Rs 846.3 crore.

However, for the full year 2010-11, Jet has narrowed its losses to Rs 85.84 crore from Rs 420 crore in the previous year. Its total income was Rs 14,737 crore compared to Rs 12,000 crore in the previous fiscal, a growth of 20 per cent.

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