In Q1 Jet Airways reported a net loss of Rs 234 crore

Jet Airways, which has been grounded for more than two years, recorded a net loss of 233.63 crore for the three months ending March on Thursday.

Jet Airways, which has been grounded for more than two years, recorded a net loss of 233.63 crore for the three months ending March on Thursday.

According to a regulatory filing, the full-service airline recorded a standalone net loss of 107.01 crore in the prior year.

In the most recent March quarter, total income was 11.63 crore, down from 17.73 crore the year before.

A monitoring committee is currently in charge of the airline.

“… the monitoring committee is not in a position to provide the consolidated financial results, as the subsidiaries of the company are separate legal entities, also currently non-operational and the team is facing huge difficulty in obtaining relevant data from the said subsidiaries,” the filing said.

Under the insolvency resolution procedure, the Jalan-Kalrock partnership won the bid for the airline. The airline is in the process of being resurrected, and the DGCA revalidated its air operator certificate last week.

The airline was forced to close in April 2019 due to financial difficulties.

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