Jet Airways reports record loss, appoints new CEO | GulfNews.com:
"India’s Jet Airways reported its biggest ever quarterly loss of $366.5 million on Tuesday as it announced the appointment of a former Etihad executive as its new CEO.
The standalone net loss is for the fourth fiscal quarter that ended March 31. It a reported a $84 million loss for the same period a year earlier.
The record loss was attributed to higher fuel costs and taxes with high competition restricting fare increases for India carriers."
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