Jet Airways' Liabilities Surge After Third Consecutive Loss

Intense competition forced low fares even as oil prices rose
Shares of Etihad-backed Jet Air are down 71 percent this year

A Jet Airways India Ltd. plane prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India, on Tuesday, Oct. 23, 2018. Jet Airways has approached banks for a moratorium on loans and has asked for fresh funds to ease a cash crunch, people with direct knowledge of the matter said, adding to signs the carriers troubles are deepening.Photographer: Dhiraj Singh/Bloomberg

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By Rahul Satija and Anurag Kotoky

November 12, 2018 at 12:34 PM UTC

Updated on

November 12, 2018 at 3:05 PM UTC

This article is for subscribers only.

Jet Airways India Ltd. saw both current- and non-current liabilities surge in the second quarter, after intense competition and low fares led to its third consecutive quarterly loss.