Jet Airways on Friday narrowed its net loss to Rs1,728.99 crore for the three months ended March 2015, helped by lower expenses, fall in aviation fuel costs and higher income from operations.
The carrier, which has completed the first year of its strategic alliance with Etihad, had a net loss of Rs2,513.57 crore in the year-ago period.However, total income from operations jumped to Rs5,064.52 crore in the fourth quarter ended March 2015 from Rs4,566.17 crore in the same period a year ago.
Jet Airways said the improvement in performance is largely attributable to implementation of a single brand and full service strategy across the domestic operation.
"The year also saw the optimisation of the network to ensure better integration between domestic and international operations, an increased focus on premium traffic and improved aircraft utilisation," it said in a statement.