Jet Airways posted net profit of $34.7 million in the first quarter of its 2016 financial year, reversed from net loss of $39.5 million in the year-ago period. The Mumbai-based carrier said the continued improvement showed its three-year turnaround program with equity partner Etihad Airways was gaining momentum. Revenue for the period was up 11% to $867 million. Passenger numbers rose 21.3% year-over-year to 6.29 million. Load factor was up 2.2 points at 82.4%. The Indian carrier saw a ...

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