Aviation With Rs 1,323 crore losses, Jet Airways readies plan to sell JetPrivilege stake, wet-lease small planes Updated : August 28, 2018 12:52 PM IST This is the second straight quarter of losses for the Naresh Goyal-run airline, which had last month publicly admitted to cash-flow issues. The airline had booked net profit of Rs 53.50 crore in the year-ago period, while in the March quarter it had reported net losses of Rs 1,036 crore. The airline said it fuel cost soared 53 per cent to Rs 2,332 crore in the quarter, while low fares had revenue inching up to Rs 6,066 crore from Rs 5,953 crore. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.