With Rs 1,323cr losses, Jet Airways draws up strategy to cut costs

Cash-strapped Jet Airways, which on Monday reported a whopping Rs 1,323 crore of net losses for the June quarter due to higher fuel cost, falling rupee and low fares, said it will monetise loyalty programme JetPrivilege and wet-lease some of its small aircraft to mobilise urgent working capital.

from Times of India https://ift.tt/2MWv3gO