MUMBAI, June 24: India’s largest private sector airline, Jet Airways, on Tuesday posted a fourth-quarter net loss of 2.21bn rupees ($55m) after being hit by high fuel costs, the company said.

The loss for the quarter ended March 31 was against a net profit of 880 million rupees the previous year. Total income for the quarter rose 37.1 per cent to 27.2 billion rupees.

For the full year ending March, the carrier announced a net loss of 2.53 billion rupees from a net profit of 279.4 million the previous year. Full-year revenues rose 28.1 per cent to 94.81 billion rupees.—AFP