Hurt by higher fuel expenses, Jet Airways posts third quarterly loss

File photo of Jet Airways. Photograph:( Zee News Network )

Reuters Bengaluru, Karnataka, India Nov 12, 2018, 05.41 PM (IST)

Jet Airways (India) Ltd, the country's biggest full-service carrier, posted its third straight quarterly loss on Monday, hurt by higher fuel expenses.

Losses came in at 12.97 billion rupees ($178.01 million) for the quarter ended September 30, compared with a profit of 496.3 million rupees a year earlier, the airline said.

Fuel expenses jumped 58.6 per cent to 24.20 billion rupees, while revenue from operations climbed 9.5 per cent.