Jet Airways' debt may rise in short term, says CFO Amit Aggarwal
With Jet Airways incurring a huge fourth-quarter loss of Rs 1,036 crore on high oil prices and weaker rupee, its auditors have said the "appropriateness of assumption of going concern" for the company depends on its ability to raise necessary funds, among other factors.
Jet Airways reported a quarterly loss for the first time in eleven quarters. Image source: Reuters