Jet Airways reported net earnings of INR400 million ($9 million) for the third fiscal quarter ended Dec. 31, 2006, a 34% decline from year-ago profits of INR610 million. The carrier said its third quarter "is traditionally the peak quarter in the company's fiscal year" but that overcapacity on the subcontinent once again was a drag on its bottom line. Domestic load factor dropped 2.4 points to 70.1% as industry capacity soared 40% compared to the year-ago period. "The impact of the recent ...

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