Jet Airways announces june quarter number to unspecified late date
Facing financial headwinds, in a rare development, Jet Airways today deferred announcing the June quarter numbers to an unspecified late date
Facing financial headwinds, in a rare development, Jet Airways today deferred announcing the June quarter numbers to an unspecified late date.
In a BSE filing late in the evening, the Naresh Goyal-run airline, which had its AGM in earlier in the day, said the board of directors decided not to review the unaudited financial performance for the June quarter.
Addressing the shareholders today, Goyal said he felt "guilty and embarrassed" as shareholders have lost money after airlines' shares plummeted due to the financial woes.
The Jet counter has slumped over 12 percent since July 2 and in intra-day trading today, it touched a 52-week low of Rs 286.95. From its 52-week high of Rs 883.65 on January 5, 2018, the counter tumbled 67.5 percent to hit a one-year low of Rs 286.95 in intra-day trading today.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)